A classic game franchise is getting a major reboot on Xbox, report says

Microsoft

• The long-running third-person action RPG series "Fable" is making a return on Xbox, according to a new report.
• The franchise has been on hiatus since "Fable 3," which launched to middling reviews in 2010.
• The new entry is said to be in production at Playground Games, a UK-based development studio known for making the "Forza Horizon" racing games.

After a nearly 10-year hiatus, it sounds like the beloved "Fable" franchise is making a return.

According to a new report in Eurogamer, a new entry in the long dormant "Fable" series is currently in the works at UK-based game development studios Playground Games. It sounds like the game is in very early stages.

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Like past games in the series, this new "Fable" entry is said to be a third-person, action/role-playing game set in an open world environment. Little beyond the concept is known at this point; Microsoft isn't confirming nor denying the report.

The studio said to be in charge of this new "Fable" entry, Playground Games, is most well-known for the "Forza Horizon" racing series.

Microsoft / Reddit

"Forza Horizon 3" is a gorgeous, arcade-style racing game on Xbox One and Windows 10 PC.

"Fable" has otherwise been on hiatus since 2010, when "Fable 3" launched to middling reviews and sales on the Xbox 360.

A subsequent entry in the "Fable" series, named "Fable Legends," was produced for Xbox One and Windows 10. Instead of continuing in the thread of previous "Fable" games, "Fable Legends" was a free-to-play multiplayer game. Microsoft killed "Fable Legends" in 2016, and closed the studio behind it - Lionhead - around the same time.

The "Fable" series started all the way back on Microsoft's original Xbox in 2004. It's one of the few original series from Microsoft's Xbox team that has persisted throughout several iterations of Xbox console, alongside "Halo" and "Forza Motorsport."

As of now, Microsoft has yet to officially announce (or even confirm) the new "Fable" project. To learn more, check out Eurogamer's report right here.