Summary
Back in 2023, a Reddit user claiming to be a former Virtuos employee alleged that the studio was working on anOblivionremake in Unreal Engine 5.
Virtuos is currently working on theMetal Gear Solid 3remake with Konami.

Shortly after, Microsoft documents were leaked during the FTC case over the Activision Blizzard King buyout, revealing thatan Oblivion remaster was planned for fiscal year 2022. So, at the very least, we know that Bethesda had plans to bring back Oblivion at one point.
We haven’t heard much about the project since, but as reported byTrue Achievements, Virtuos technical art director Oleksii Moskovchenko’s LinkedIn profile revealed that the company’s Shanghai studio is developing an “unannounced UE5 PS5/XSX/PC remake”. This could be the same Oblivion remake that the alleged former employee discussed.
Is It The Oblivion Remake, Or Something Else Entirely?
There’s just one problem: the former Virtuos employee said that the Oblivion remake was in development at the company’s Paris studio, not Shanghai. It’s worth considering that this might not be Oblivion at all; Virtuos could be working on an entirely different remake.
That being said, when the alleged former employee made their claims, it appeared to have been very early on in development. They weren’t even sure if it was a remaster or remake by that point. So, it could have feasibly been passed to another studio in the years since.
With another Xbox Dev Direct underway (as reported byJez Corden), if this is an Oblivion remake, perhaps we’ll find out soon. Most of the other projects leaked in the FTC documents appear to have been announced, Doom Year Zero beingThe Dark Ages, and the unknown “licensed IP game” likely beingBlade. That just leaves Oblivion and Dishonored 3, but withArkane Austin’s closure, the latter was likely cancelled.
The Elder Scrolls IV: Oblivion
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Set in Cyrodiil, The Elder Scrolls 4: Oblivion is an open-world action RPG that sees you attempt to stop the Mythic Dawn cult from opening a portal to the aforementioned Oblivion. Critically acclaimed, it was expanded upon in Knights of the Nine and Shivering Isles.