A report today on VG247 suggests that Grand Theft Auto 5 will be set in Los Angeles, or "Los Santos" as it was known in Grand Theft Auto: San Andreas.
Eurogamer followed up this report with a claim that an independent source had informed them that Rockstar is definitely researching locations "around Hollywood . . . and the surrounding area."
It's interesting to note that the sources for both stories are unrelated. So could GTA be headed to the City of Angels, and could GTA V: Los Santos be a realistic possibility? Rockstar provided no comment on the rumor.