The rumor mill has been churning out speculation on a Resident Evil 4 remake for a bit now. Hell, we ourselves had a little fun on April Fool’s Day by making a joke post about it.

Well, it turns out that we might be the fools instead, because according to Video Game Chronicle, it seems likely that, since 2018, Capcom already was on it.
Resident Evil 4 is influential, whether you like it or not. It shouldn’t be a surprise that Capcom might want to eventually return to it. That being said, that’s not quite what’s happening: Capcom is involved, but a new studio is taking the reigns. Which of course has the community divided.
Founded in 2018, M-Two is a production company based in Osaka held by former Platinum Games head Tatsuya Minami. It seems that since founding, they’ve been gearing up for this project.
All in all, I suppose none of this is new. Red Works helmed Resident Evil 3 in a similar fashion. Capcom is lending support, assets, and manpower, but is likely focusing on Resident Evil 8 in-house.
For now, we’ll just be sitting on rumors, just as we are with 8. We’ll keep writing up what we hear for you guys, as well as try our best to gather verification in whatever form we can.