The latest issue of PSM3 reports that Capcom has approached Spark Unlimited to work on an "adventure series reboot," which is suspected to be a new title in the Onimusha series.
The feudal Japan action series originated on the PS2, with the last game in the series being 2006's Onimusha: Dawn of Dreams.
Spark Unlimited notoriously made a name for itself with poorly-received shooters Turning Point: Fall of Liberty and Legendary.
However, the studio has recently returned to the spotlight, working on both Lost Planet 3 for Capcom and joining forces with Keiji Inafune's Comcept studio on the newly-announced Yaiba: Ninja Gaiden Z.
Watch the announcement trailer for Yaiba: Ninja Gaiden Z below: