Borderlands fans may be waiting a while for a fresh sequel, as Gearbox has stated that it is not currently working on a new entry in the series.
The studio's CEO and President Randy Pitchford told Polygon that his team is instead working on a number of other projects, including Brothers In Arms, new shooter brand Furious Four, remastered editions of the two Homeworld titles plus a brand new Homeworld game, and two unannounced new IPs.
"We are not working on Borderlands 3," he explained. "That is unqualified. We have more to do in the franchise, but no, there isn't a Borderlands 3. I'm not going to fuck around with you like Valve does with Half-Life 3. We know we want it and we know it should exist, but we don't know what it is yet."
Develop has more details.