Borderlands 2 ended on a note that implied big things for the franchise's future, but Gearbox has decided to take a step back for the time being. CEO Randy Pitchford said recently that Borderlands 3 isn't in the works yet, instead getting to work on two other original games.

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

Pitchford says that the studio certainly will be doing more with Borderlands, but says that their vision for the third installment is too big for them to handle right now. "When you think of what Borderlands 3 should be, it should be massive," he said. "It should be bigger and better than Borderlands 2. It should carry forward the story. It's probably crazy multiplatform, depending on timing. It would have to be a next-gen game and a current-gen game, if it was coming at any time in the reasonably near future."

Pitchford noted that they "are doing things in Borderlands" that will be announced soon, but didn't specify what those might be. We know that Borderlands 2 is getting a Vita port this year, and that Gearbox has partnered with Telltale for Tales from the Borderlands, but any other projects in the hopper remain firmly under wraps.

Pitchford also pointed out that right now the studio is working on or somehow involved with Brothers in Arms, the Homeworld remakes, Homeworld: Shipbreakers, and two unannounced, next-gen intellectual properties.