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I don't think there is any doubt that this will happen. But where it will be located, what the setting is or when it will be released, nobody knows yet. The best thing to do is keep your eyes on the various games forums, and they will announce any news of this.
It may interest you to know that the following dedicated GTA forum actually has a topic called "GTA V?", which you might like to read or even contribute to:
www.gtaforums.com
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Is gta 5 coming out on xbox360?
Yes.
Is gta 5 coming out?
it is coming on and Dec 2012 but they did not say what day.
When is GTA 5 coming to PC?
November 18 2014
When is gtav coming out?
GTA 5 was released on September 17, 2013. I hope this helped you! :-D
Is gta 5 in stores now?
No it is going to be coming out in 2012 but you can preorder it now
What date is gta 5 coming out?
It should come on the 17.09.2013 on the XBOX360 and PS3
When is GTA v coming for PC?
GTA 5 will be released on PC on January 27, 2015. The release date is postponed because Rockstar Games wanted to make the HD remastered edition of GTA 5 on consoles.
When is GTA 5 coming out on PS Vita?
The date for a possible debut (if any) is unknown.
Is GTA 5 coming to Wii U?
No, Grand Theft Auto 5 is not released for the Nintendo Wii U
WILL there be a new Grand Theft Auto?
Yes, it is GTA V (GTA 5) coming out way over in 2013. The trailer came out back in November 2011, on the 2nd.
When is GTA vi coming out?
No one knows. Grand theft auto 5 hasn't even be announced yet.
What date will the new Grand Theft Auto be coming out?
The next GTA is GTA V and it is coming out on September 17, 2013.
