Square Enix announced its participation in the upcoming E3 2021 event not too long ago, but like most other E3 participants, the developer didn't announce what topics it had in store for the presentation. Most future viewers reasonably assumed that the studio would simply use E3 to update fans on the development of the numerous Final Fantasy projects it already revealed, such as Final Fantasy 16 and Final Fantasy 14: Endwalker. However, a new rumor suggests that Square has more waiting in the wings.
Over on ResetEra, popular industry insider Navtra claimed that Square Enix is preparing another "major" Final Fantasy announcement to go along with its expected updates. While listeners should take all rumors with a grain of salt, including this one, Navtra does have a history of successful claims that lend this rumor credence. For instance, Navtra "predicted" most of the main reveals for Sony's first PS5 showcase, including Square revealing Final Fantasy 16 as a PS5 exclusive.
That said, even Navtra admits that fans should take their statements with a grain of salt. They don't know Square Enix's exact E3 schedule and are only basing their guess on the knowledge of all of the games Square currently has in development, how far along they are in that development, and their target release dates. However, should their guess be right, Navtra thinks that Square will unveil yet another PS5 exclusive Final Fantasy title at E3 — as well as a cross-gen Eidos title.
It's hard to imagine Square developing yet another full-blown Final Fantasy title for the PS5, especially with everything already on its plate. The studio is currently juggling Final Fantasy 16, Final Fantasy 7 Remake Intergrade, and the Final Fantasy 14 PS5 port. For it to announce something like Final Fantasy 17 seems premature since FF16 doesn't even have a release date, and revealing another Final Fantasy Remake series sounds unlikely since Square has barely scratched the surface of Final Fantasy 7's.
Technically, Square hasn't announced Final Fantasy 7 Remake Part 2 yet — not officially. It's only passively mentioned its development and hasn't given it a spectacle reveal. So if the developer does have a major, never-before-seen, PS5, Final Fantasy title planned for E3, then Final Fantasy 7 Remake Part 2 fits the bill, especially since Square would more than likely announce the game as a timed PS5 exclusive, just like Final Fantasy 16. The announcement would also come right on the heels of Intergrade's release date, so its timing couldn't be better.
Source: ResetEra