The director, whose latest film The Post just earned a Best Picture nomination at the 2018 Oscars, will bring Harrison Ford's whip-cracking character back to cinema screens in 2020 with production scheduled to begin in 2019.
Despite the as-of-yet untitled Indiana Jones film's confirmation, doubts were cast over whether fans would be seeing it in the near future due to a casting call for Spielberg's planned remake of West Side Story.
According to The Hollywood Reporter, the filmmaker will shoot the musical following the release of Indiana Jones.
Indy's most recent adventure, Indiana Jones and the Kingdom of the Crystal Skull, was released in 2008 to middling reviews 19 years after the concluding part of the original trilogy.
George Lucas - who helped create the character - will executive produce while John Williams will, once again, be on composing duties.
There's currently no word on who will co-star alongside Ford, however screenwriter David Koepp assured fans that Shia LaBeouf will not be returning as Jones Jr, Mutt Williams.
Indiana Jones 5 will be released 10 July 2020. Spielberg's next film, Ready Player One, will be released 30 March 2018.
More about: #IndianaJones