Borderlands 3 not in development

In an interview with Polygon Gearbox Software's Randy Pitchford made it clear no {Borderlands 3} development had begun at the studio.

"We are not working on {Borderlands 3}. That is unqualified. We have more to do in the franchise, but no there isn't a {Borderlands 3}."

"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. 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."

But Gearbox are keeping busy. There are {Homeworld} remasters and two new unannounced next-gen IPs in the works (presumably one of them is the reworked Furious Four concept).

"We created {Brothers in Arms}. We created {Borderlands}. We acquired Duke Nukem. We acquired {Homeworld}. I'm building two original IPs for next-gen. I can't personally invest myself wholly in all of these things. So I invest myself in one or two things, and empower talent and creativity around me and beside me and in this vicinity. I do whatever I can to fuel that and let awesome people do awesome things. I love that feeling."

Meanwhile, Telltale Games are working on {Tales from the Borderlands} and {Borderlands 2} is coming to PS Vita. Presumably we'll also see more DLC for {Borderlands 2}.