Editor's Note - This story originally inferred that Pitchford's tweet was in specific reference to the Borderlands franchise, which is not the case. It's now been updated to reflect the ambiguity with which the statement was made. Apologies for any confusion caused.

Gearbox is planning to reveal its first proper next-gen title later this year, leading to speculation that a new Borderlands could be on the way.

@TheFerns15 We're working on next-gen. Platforms TBD. We'll probably announce something later this year.



— Randy Pitchford (@DuvalMagic) March 28, 2014

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That's according to the CEO of the studio Randy Pitchford, who explained on Twitter that it's looking fairly likely a reveal will happen this year, though he stopped short of specifying what platform or franchise the project would revolve around.What's interesting is the news that a next-gen project is in the works at Gearbox, as we heard in February that Borderlands 3 wasn't in development at the studio . It seems unlikely that a turnaround has happened so quickly, so does this mean the next entry in the franchise will be a spin-off or prequel of sorts? Or is this a new franchise altogether?The final DLC for Borderlands 2 was recently revealed and, considering that the game is now officially the highest-selling 2K game in history , it's hardly surprising a follow up of some variety is on the cards.As soon as we know more, we'll let you know. In the meantime, we've got the upcoming episodic Tales from the Borderlands and the Vita port of Borderlands 2 to keep us occupied.

Luke Karmali is IGN's UK News Editor. You too can revel in mediocrity by following him on Twitter