The company says that the game is in early development and isn't expected to launch for at least a couple of years, along with two new titles from developers League of Geeks (Armello) and Roll7 (OlliOlli).
"Our partnerships with Moon Studios, League of Geeks, and Roll7 continue to enhance Private Division's roster with more of the game industry's best creative talent from around the world. We are thrilled to work alongside these experienced developers to provide them with the support needed to propel their creative visions to the next level."
Despite today's announcement, this isn't the first time we've heard about this new action-RPG - a job listing indicated last year that the studio was advertising for a game designer "to work on an RPG that dares to innovate and go far beyond what the genre has offered players thus far.”
And according to an interview with GameSpot back in May, the game will be "about humans and so on."
Excited for a new action-RPG from the Ori developer? Let us know your thoughts in the comments.