"Terminator 5" is happening, with Arnold Schwarzenegger returning in the title role.

During some conference in Australia, he said, quote, "I'm very happy that the studios want me to be in 'Terminator 5' and to star as the Terminator, which we start shooting in January."

He also added that he's due to receive a script for a new "Conan" movie in a few weeks . . . and that the "Twins" sequel, "Triplets", is still in the works. 

That one is expected to star Eddie Murphy as another brother of Arnold and Danny Devito.