A number of interesting clues and teases suggesting the development of Borderlands 3 has been making the rounds online since early 2017 but here’s some happy news! Gearbox Software has officially confirmed that the sequel is, in fact, real and slated for release in the near future.

Sequel's development confirmed

This exciting update came out straight from recently concluded 2017 PAX West held over the weekend in Seattle, Washington. During a panel, Gearbox boss Randy Pitchford finally revealed that “Borderlands 3” is currently in development.

He went on to say that 90 percent of the company’s team is fully dedicated to the current production of the hotly anticipated sequel.

However, Pitchford did not dish additional information beyond what he offered at this time.

Possible official reveal before end of 2017

Apparently, this piece of detail coming from Pitchford himself could hint that fans will not wait a long time to see an official reveal unfold at one of the gaming conventions slated to take place before 2017 ends.

The third installment could likely debut at Paris Games Week this October, PlayStation Experience, or The Game Awards both happening in December this year.

Possible release date in 2018

Earlier in the summer, 2K Games’ parent publisher Take-Two Interactive announced that a much-awaited new entry from 2K’s huge franchises will be launched in the fiscal year 2019.

A lot of fans and game pundits then believed that this good news was in reference [VIDEO] to a new Borderlands title. It will be released along with Rockstar Games’ Wild West action-adventure game, “Red Dead Redemption 2,” on the same fiscal year.

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If this is any indication, fans can anticipate the next Borderlands game to be available in stores between April 2018 and March 2019. So, it is safe to say that the first official details with a reveal trailer will mostly happen before the New Year.

However, latest speculations [VIDEO] further suggest that the upcoming sequel will not even be known as “Borderlands 3.”

On the other hand, Gearbox Software revealed last month that it’s also working on a new first-person Shooter Video Game with a twist titled “Project 1v1”. It also said that it will continue to provide more support for "Battleborn" - its online first-person shooter video game launched in May last year.

"Borderlands 3" is assumed as a direct sequel to the open-world RPG "Borderlands 2" that was released on PS4, PS3, Xbox One, Xbox 360, and Windows PC in September 2012.