A source who is close to Rockstar Games has told Gamespot that development on GTA 5 is "well underway", with finishing touches like mini-games being finished off the same source also stated that a 2012 release is on the cards.
The source however didnt reveal any details like the addition of location, characters and so on the main rumour at the moment is it could be set in Los Angeles and is being developed under the codename "Rush".
Other gamers however think the next instalment of the game will be set in Miami inspired Vice City.
Where do you think it will be and here's fingers crossed to a 2012 release.
