

A site calling for extras has recently revealed that Takashi Yamazaki is directing an Untitled, Toho kaiju film this Spring. The call for extras reveals the film will be shot between March-June this year. It also reveals that the scene takes place in the late 1940s--post-war Japan. It's unclear if the setting is for one scene or the entire picture.
Additionally, the call for extras was announced on the Godzilla+ App in Japan. Leading some Japanese fans to wonder if Yamazaki is directing the next Godzilla film.
An avid Godzilla fan, Yamazaki is a two time Japanese Academy Award winning director, having helmed such titles as Always: Sunset on Third Street, Returner and Space Battleship Yamato. Yamazaki gave Godzilla a cameo during a dream sequence in Always: Sunset on Third Street 2. He also directed the footage for the Seibuen Amusement Park's "Godzilla the Ride: Giant Monster Battle Summit". The man is no stranger to Godzilla.
Some fans seem to think it could also be a biography covering the making of the original Godzilla--which would also be wildly cool and different. Of course it could just be an original monster flicks as well.
In any case, I've been screaming at the cosmos for the last 10 years for Takashi Yamazaki to helm a Godzilla film. He was my first guess for the director's chair when Shin Godzilla was announced, but of course I was off. If this is the Godzilla project Toho has been keeping close to the vest for the last year or so, it would explain why Legendary is only doing a TV show and why Yamazaki was chosen to do the Godzilla ride in the first place.
I'm hoping Toho will announce something soon.

I'm starting to get the feeling that Godzilla's movie future is in Japan, and MonsterVerse Goji will only feature in TV shows and maybe one movie.

Godzilla is international, even going home doesnt mean you wont see more content.

I'd take this with a grain of salt. It's interesting nonetheless.
Yamazaki is in the middle of shooting this film and will continue to through mid-June. Could "Godzilla: Zero" be the working title?

Does that come off as irony to anyone else?

I assume that Legendary will let Toho go full steam ahead on this Godzilla movie before announcing Godzilla's MonsterVerse future in full. Just saying.

Legendary wouldnt have a choice if toho wanted to make godzilla movies content at all.
And Toho already hinted at the MV godzilla show before WB or Legendary. So I think its safe to say, Toho is still interrested in keeping him in MV

HinikunaGoji,
Correct. Toho calls the shots on their own IP. It's just whatever route they believe will feed them the most income.

They really seem to be pushing forward Monsterverse though. I mean the clock teaser, and on the day of the MV show announcement?
Maybe becuase of how GvK preformed especially bc of covid

HinikunaGoji,
Not to mention the increasingly likely possibility of Godzilla appearing in the next Monsterverse film. Either Toho's new negociation with them changed up the prior contract or the next Legendary movie is being staggered in a way so it's not in production at the same time as Toho's.
Or Godzilla's just not in it and the deal was changed to television-only for Legendary. Who knows.
The bigger mystery right now is Yamazaki's project and what it is.

Curious to see the new incarnation of Toho's Godzilla

I want Yamazaki's project to harken back to the Showa-era version, but I want the tone of Godzilla 2014 and Shin to still be there and maybe depict Godzilla as a neutral force of nature, since Toho's last 2 incarnations were more-or-less villainous depictions.
On Legendary's side, I highly doubt that Godzilla is returning in the next movie due to it being most likely a Kong sequel. But I do believe that he will get a third movie after his TV show.

That would be interesting. I personally like villlain godzilla.

Also, it'd possibly serve as a little contrast as Toho could compare less heroic Godzilla to good Godzilla in subtle ways.

I personally believe it would be his own take on Godzilla. Yamazaki has been my favourite director since 2002 when I watch my favourite movie RETURNER in theatre! And I come to know his style very well, and he hasn’t made film that is not direct adaptation since RETURNER and before that his first film JUVENILE. I think he probably continuing his trend of adapting popular culture to the big screen in his own unique way. I been waiting for my favourite director to direct a full feature Godzilla movie for such a long time, I really hope is Godzilla. My friends and I even have a little ‘pool’ going, hehe.

Whatever it is, Toho has been extra quiet about it. It wrapped filming in June and we haven't heard a peep about it. Rumor has it's the big 70th anniversary film.