This is according to Insider Gaming’s Tom Henderson, who first reported on the same last year. Codenamed “Steambot,” the current target for release is allegedly late 2026, and those familiar with development have reportedly stated that it’s going “incredibly well.”

Ubisoft is not stopping there, as preliminary plans for Rayman 4, the first numbered entry in the franchise since Rayman 3: Hoodlum Havoc. The success of Steambot will apparently determine whether it actually happens, according to sources, but if so, it would seemingly launch by 2030.

It’s worth noting that job listings for a triple-A Rayman game appeared last May, including for a 3D gameplay animator. If rumors of the remake are true, it could be a fully 3D platformer rather than a side-scroller like the first game or Rayman Legends. As always, stay tuned for more details and updates.

As per Insider Gaming, a Rayman remake is currently in development at Ubisoft’s Milan studio, and a portion of The Lost Crown’s development team has been reassigned to the project. Which Rayman game specifically is being remade isn’t mentioned, though it is claimed that series creator Michel Ancel is serving as a consultant on the project. That, however, has allegedly raised some concerns with members of the team, due to past allegations and reports regarding Ancel’s toxic leadership.

Interestingly enough, the Rayman title is one of three projects that The Lost Crown’s development team has been moved to, as per a separate report by Insider Gaming’s Tom Henderson, with the other two projects being Project Ovr (which is the next mainline Ghost Recon game) and Beyond Good and Evil 2. Allegedly, most of the team has moved to the latter, with Ghost Recon and Rayman pulling about a dozen members each.

It’s also reported that Prince of Persia: The Lost Crown has only managed to sell about a million units since its launch in January. Read more on that through here.