You’d think that Gearbox Software would have some sort of new Borderlands project cooking after the massive success of the first two games. The open-world loot series stands as one of the biggest new franchises of the last generation, but CEO and president Randy Pitchford told Polygon that the team is currently working on a slew of other unrelated projects.
"We are not working on Borderlands 3," he said. "That is unqualified. We have more to do in the franchise, but no there isn't a Borderlands 3.
"When you think of what Borderlands 3 should be, it should be massive. It should be bigger and better than Borderlands 2. It should carry forward the story. It's probably crazy multiplatform, depending on timing. It would have to be a next-gen game and a current-gen game, if it was coming at any time in the reasonably near future.”
The second game is being moved over to the PlayStation Vita this spring, and some new DLC is still planned for the console version. However, fans will have to just wait for any news on a full-on sequel.
"We love Borderlands, and we know customers do too. So we will be doing more in Borderlands. But the thing that, when you think of what Borderlands 3 should be… No. We are not developing that right now. We don't know what that is yet,” Pitchford continued. “We can imagine what it must achieve, but we don't know what it is yet. I'm not going to fuck around with you like Valve does with Half-Life 3. Look. We know we want it and we know it should exist, but we don't know what it is yet. But we are doing things in Borderlands that we'll announce soon, that are good, and that I think people will be really excited about if you love the franchise."