Ono announced the game in February 2013, with a trailer showing a medieval knight battling a fire-breathing dragon in a subterranean lair.
Deep Down was set in New York in 2094, but transported players into the past to battle monsters and dragons. An open beta was originally planned to arrive near the launch of PS4 in Japan, but the game never saw the light of day.
In a new interview, Ono told Eurogamer the title hasn’t been forgotten, even if there’s no guarantee it will ever be released.
“The original team is clearly no longer together at this point, but people might have noticed that we’ve kept the trademark registered, and it’s not been completely given up on,” he said.
“Every year we examine titles we’re doing in future, and we bring up projects to approve and move forward,” Ono added.
“There’s not much I can say about it, but if you’ve noticed we’ve kept the trademark it means we haven’t given up on the title completely.”
Ryozo Tsujimoto, head of Capcom’s consumer games development division 2 and producer of the Monster Hunter series, told VGC earlier this year that the publisher is “not giving up” on the idea of creating new original game series, despite its recent focus on successful core franchises like Resident Evil and Monster Hunter.