Insider here.

Bandai Namco is working on Klonoa 3 right now and is set to release next year.

It will release on November 26th 2026.

It will retail for $79.99 and runs on Unreal Engine 5
It's a 3D platformer developed by the Pac-Man World Repac team.
The story's main themes are impostor syndrome and depression.
Hideo Yoshizawa is not involved.

Screen cap this.