Gearbox President Randy Pitchford told Polygon that Borderlands 3 isn't in development at this time.

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Pitchford said that the studio has "more to do in the franchise, but no, there isn't a Borderlands 3 [in development]." We know the franchise is still expanding, with Borderlands 2 due out on Vita this spring and Tales from the Borderlands in development at Telltale Games — not to mention the final DLC for Borderlands 2. But Pitchford did discuss the scope of the next numbered installment in the series."When you think of what Borderlands 3 should be, it should be massive," Pitchford said. "It should be bigger and better than Borderlands 2. It should carry forward the story. ... We don't know what [Borderlands 3] is yet. We can imagine what it must achieve, but we don't know what it is yet."In the meantime, Gearbox has a full slate of games in development, with Pitchford naming Furious 4, new Brothers in Arms and Homeworld titles, and two unannounced games based on new IP."I'm building two original IPs for next-gen," said Pitchford. "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."Borderlands 2 was the highest-selling game in the history of 2K Games. As such, it's more than likely Borderlands 3 will see the light of day sooner than later. Let us know in the comments when you think it will release and what you expect from a new installment in the series.

Evan Campbell is a freelance news writer who plans to spend his weekend watching House of Cards. Check out what he's saying on Twitter.