Pic also stars Jack Reynor and Nicola Peltz. Deadline Hollywood broke the news.
Bay, who’s helmed all three “Transformers” pics, is directing the next installment with Ehren Krueger penning the script.
Plot details are unknown except that it will not be connected to past installments and have a whole new cast of characters.
Grammer is repped by UTA and manager Brian Sher.