The renewal was filed on January 9, with the trademark first having been registered on December 31, 2002.
It follows a recent report that Project Gotham Racing 5 will be a launch title for the new Xbox console.
Liverpool studio Lucid Games, which is formed from former Criterion and Bizarre Creations staff, is said to be developing the title.
Project Gotham Racing 3 was an Xbox 360 launch title and was followed by a sequel, which introduced motorbikes.
Development studio Bizarre Creations was subsequently purchased by Activision, before closing down in 2011.
The new Xbox is rumoured to be unveiled at an event on April 26.
Photo gallery - Images of fellow Xbox racer Forza Horizon:
Copyright: Microsoft Games