Saw V is the upcoming fifth installment in the Saw film series. The film is set to be released on October 24, 2008, following the tradition of the Saw films, being released every year on the Friday before Halloween. Unlike the previous three installments, Saw V will not be directed by Darren Lynn Bousman, but instead by David Hackl, who was the production designer of Saw II, Saw III and Saw IV.

Saw V is being written by Patrick Melton and Marcus Dunstan, and the film went into production after Christmas 2007. Filming began on March 17 in Toronto, and principal photography concluded on April 28. Saw V finished filming by May 2nd and had started post-production.

The plot details have not yet been revealed, although in an interview with IGN, Patrick Melton revealed that Saw V will explain what happened to Corbett, the daughter of Lynn Denlon and Jeff Reinhart, following the conclusion of Saw III that left her in danger. An interview with Tobin Bell revealed that the origins of Billy the puppet and his red tricycle would be further explained after having the story's roots planted in Saw IV. Also, in an interview on June 13, 2007, Tobin Bell teased that he would not be surprised if the character of Cecil made a reappearance, and that the pieces of flesh taken from the victims in the form of a jigsaw puzzle might be explained.

According to director David Hackl, one trap can potentially kill the actor meant to be placed in it, and so paramedics will be standing by while filming; Hackl joked that the trap would truly test the actor, just like Jigsaw tests his victims.

In the Saw IV DVD commentary, Darren Lynn Bousman stated that the glass box trap, which was originally planned to be used in Saw IV, will be further explored in Saw V. The glass trap was only shown, not used, in the final cut of Saw IV.

Lionsgate recently released a brief plot synopsis for Saw V that "Hoffman is seemingly the last person alive to carry on the Jigsaw legacy. But when his secret is threatened, Hoffman must go on the hunt to eliminate all loose ends."

According to the producer, a theme of the film will be teamwork and it will thematically be like the original Saw

In an interview discussing a trap in Saw V, David Hackl revealed that Scott Patterson's character, Agent Strahm, would be placed in a trap that Hackl called 'the most dangerous' and 'elegant in its simplicity'. There will be a total of seven traps in this film.

In an interview with IGN, Julie Benz said that the character of Brit is a real-estate developer and that the character is corporate like a thorough-bred race-horse. She also revealed that this is the first film about which she ever had a nightmare.

Costas Mandylor has signed up for the next installment in the horror franchise along with main character, Jigsaw, portrayed by Tobin Bell.

Saw VI will be directed by Kevin Greutert, the editor on all the Saw films to date.