In a recent sit down CyberConnect 2 President Hiroshi Matsuyama was asked when he is done with Naruto Shippuden revolution and Jojo Bizzar Adventure. Hiroshi responded that right now all of their resources are focused on the current projects. However he did bring up the fact they are working FFVII G Bike and that he would like to handle the remake of FFVII. I should point out that these guys were behind the .hack series which may have people feeling a little mixed up as they want a new .Hack but also may want Final Fantasy VII.
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