That‘a according to the latest earnings from Nordisk Games, which owns a minority stake in the developer. According to the filings, the studio is working on “two large undisclosed titles”.

It’s likely that one of the games that’s being referred to is the fantasy title that the studio is working on with publisher 505 Games, details of which have yet to be fully shared. However, the identity of the second title is unknown.

Codenamed Project Iron, the multiplatform fantasy game has an initial development budget of €27 million ($30.7 million).

“We are thrilled to work with the team at MercurySteam, a proven studio that over the years has created numerous phenomenal IPs – including the recent hit release Metroid Dread in partnership with Nintendo,” said Raffi and Rami Galante, co-CEOs of Digital Bros at the time of the announcement.

“With MercurySteam’s creative vision and talent and 505 Games extensive experience, gamers can expect a high-quality, captivating and engaging videogame.”

I loved Metroid: Dread, it was a really polished game, looking forward to whatever the developers make next.

BTW the article only talks about one of the two games, so maybe the second game is next Metroid, but I don't think Nintendo will make next Metroid so soon.