https://www.pcgamer.com/lords-of-the-fallen-2-is-still-in-development-but-now-a-new-studio-is-involved/

When it released in 2014, Lords of the Fallen was among the first third-person action games to directly ape the Dark Souls series: it had challenging combat, miserly checkpointing, and plenty of stamina bar watching. Now, after a period of uncertainty, CI Games has confirmed a sequel to the game is still happening, only it's now in development by a New York-based studio called Defiant (no, not the same studio who made Hand of Fate 2). 

CI Games made the announcement today, but didn't mention when the sequel would launch, nor any other pertinent details, though it will release for both consoles and PC. Defiant is a new studio with no previous titles to its name, though it does reportedly boast talent who have worked with Just Cause creators Avalanche Studios.