Warhorse's parent company Embracer Group has said during its earnings report that it wants to release the title in the next fiscal year.
The announcement in an open letter by chair of the board Lars Wingefors, noting that this was one of the reasons for Fellowship's forming.
The spin-off company will be in charge of all of the gaming IPs owned by Embracer Group, like Tomb Raider and The Lord of the Rings.
Speaking to "those close to the game's development," Insider Gaming claims that the project is still a "bit away" from release.
Industry veteran Ryszard Chojnowski has cited "credible sources" that Warhorse Studios is connected to the rumored project.
Chris Stockman had previously spoken about working on a pitch to revive Saints Row, but recently, he said he was ghosted by the IP owner.
The original lawsuit alleged that Bobby Kotick rushed the Microsoft acquisition to avoid the consequences of misconduct allegations.
Elias Toufexis, who played protagonist Adam Jensen, is vocal about his disdain towards the franchise's handling in recent years.
The report also indicated that the studio has conceptualised 11 different projects since 2018's Shadow of the Tomb Raider.
A report has noted that this reboot was only in development for a single year, and was coming along quite well before cancellation.
The publisher's announcement comes just a week after Embracer Group had first announced its plans to divest itself of the company.
The deal, valued it around $30 million, will also result in Embracer Group hanging on to some IPs like Remnant and Fellowship.
Reports of the MMORPG's cancellation come from a social media post by Amazon Games' former senior gameplay engineer Ashleigh Amrine.
A new report indicates that Embracer Group was trying to facilitate a deal between Take-Two and Xbox to transfer the Perfect Dark IP.
Henry finally ascends to the rank of master blacksmith after he inherits a forge in Kuttenberg and begins the process of restoration.
Wingefors' CEO duties will be taken on by Phil Rogers from August 1. Wingefors will be appointed chair of the board in September.
As part of the move, Coffee Stain Group will keep quite a few IPs with it, including Deep Rock Galactic, Goat Simulator, and Valheim.
As part of the deal with Plaion, Starbreeze had to issue a host of new series B shares of the company which would go to Embracer Group.
Warhorse's acclaimed open-world action RPG sold over a million units at launch last week and has continued to sell well.
Saber Interactive will not be exercising the option to acquire the Metro and Zen Pinball studios from its former parent company, it has been confirmed.
