Clayton Watson, who reprises the role of The Kid in the Matrix Revolutions movie, revealed to EW.com that there were indeed rumblings of further Matrix adventures, though producer Joel Silver has categorically denied that a further sequel will happen. "I've been told not to say anything," Watson told the site. "At one point it was, 'Look, if there's a [Matrix] 4, 5 and 6, then it's you and Jada [Pinkett Smith].' And I'd say to the boys [directors Larry and Andy Wachowski], 'Are we starting?' And they'd say, 'Don't f--king go there, kid.'"
Asked recently about a possible fourth film, Silver told SCI FI Wire, "It will never happen."
For his part, Watson said, "At this stage, it's very doubtful that there'll be a continuation of the saga. But maybe in another five years or so."
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Source: SciFi.com