The game will allegedly also feature destructible environments, as well as stealth mechanics borrowed from the Splinter Cell series.
Ubisoft's Arisa Lagunzad said the company is "seeking sponsoring partner for this title Assassin's Creed Codename RED for next year."
The title is reportedly inspired by Splinter Cell and Hitman, including the ability to conceal bodies, extinguish lights and hide in tall grass.
Cancelled projects, delayed games, big-budget titles in limbo, losses and falling stock prices are only the tip of the iceberg.
The Japan-set open world title is reportedly facing development issues, while Project HEXE allegedly moves closer to full production.
More details on upcoming Assassin's Creed games have emerged.
Fans of Ubisoft's flagship franchise have quite a lot to look forward to.
Those who love "immersing themselves in the past" can jump in "and never be interrupted or need to know who Desmond and Layla are."
Ubisoft's Marc-Alexis Côté confirms that like most previous Assassin's Creed titles, the upcoming Codename RED will also be well-supported following launch.
Ubisoft says the game will represent a technical leap for the series, also bringing improvements in animations, visuals, and more.
Ubisoft also confirms that Codename HEXE is "a bit further out" than the upcoming Codename RED, though the two will eventually "live concurrently."
"It is still the same games that we were building, but bridged together in the Infinity hub," says project leader Marc-Alexis Côté.
Ubisoft also confirmed that Assassin's Creed Infinity is a hub that will connect all of the different experiences, including Red and Hexe.