"Jaws 5" swims into Universal?

According to Bloody Disgusting website, a "Jaws 5" could be in the works. Numerous scoopers are reporting that Universal Studios in California are using their bigger tanks to test a new mechanical shark. It’s also been mentioned that "Jaws 2" director Jeannot Szwarc will be headlining this fifth instalment. The team that wrote "Deep Blue Sea" are penning the story.