Borderlands 2 is set to get a prequel game on PlayStation 3, Xbox 360 and PC later this year, according to a new report.

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GamePointsNow.com is suggesting the shooter will take place between Borderlands 1 and 2, with 2K Australia heading up development in conjunction with Gearbox Software. Release is rumoured for later in 2014.You'll be able to choose between one of four characters: Athena The Gladiator, Wilhelm The Enforcer, Nisha The Lawbringer and Fragtrap, the last of which is a combat-ready version of Claptrap.The four are Handsome Jack's lieutenants, and the game will follow a younger version of the villain as he starts to make a name for himself in pursuit of an alien artifact. Events are meant to take place on Pandora's moon Elpis, as well as in Hyperion's giant H-shaped base, that you may have seen orbiting the planet in Borderlands 2.In terms of new weapons, a freezing Cryo class is reported to be introduced, while low gravity on Elpis means you'll be equipped with a jetpack to get around. Oxygen takes on an important role as a resource, and you'll have to manage your reserves by looting "Ox-Kits". next-gen Gearbox title is expected to be announced this year , though we heard in February that Borderlands 3 isn't in development at the studio 2K responded to our inquiries with a "no comment". So for now at least, all we've officially got is 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