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GameStop is claiming that sources close to Rockstar Games have confirmed to them that development on Grand Theft Auto V –which has yet to be officially announced– is “well under way” to the extent that the development team are now in the process of adding finishing touches with the likes of mini-games being added right now.

The sources went on to say that Grand Theft Auto V was “the big one” and that a 2012 release is seeming “pretty likely.” However, those were as much details as these mysterious sources were willing to share, due to fear of being identified.

A lot of speculation has surrounded the currently-unannounced title after Take-Two Interactive began casting for a project titled “Rush,” which many believe is the codename for GTA V. On top of this, it was also discovered that Rockstar was registering several domain names for fake corporations similar to those found in GTA IV.

Do you think that we’ll be seeing a GTA V sometime next year? Let us know.

Source: GameSpot