Avalanche Studio are currently at work on two "huge" licenses which are due sometime in 2013, and while there's no word on whether one of the two is Just Cause 3 or not, the studio would love to make it.
"I can't see that Avalanche wouldn't want to continue on the Just Cause series," producer Andreas Thorsén told Eurogamer. "We love that franchise."
However, it's not up to Avalanche as to whether the studio develops it or not.
"I can't really comment on the future of Just Cause," added studio head Christofer Sundberg, "but as we created the IP there is an attachment to the studio even though we don't own the IP."
Sunderberg refused to elaborate on whether one of the two titles in the works was Mad Max 4: Fury Road, either.
"Can't say anything about them at this point," he said. "I can't comment on the projects we are working on, but Cory [Barlog] is working here with us in Stockholm as you have probably read on his Twitter recently."
Avalanche announced its digital download title Renegade Corps today, which is set for release this year on PC, PSN, and XBL.