It's likely all hands on deck over at Bethesda Game Studios in order to get Starfield out ASAP, especially given its recent delay into 2023. However, as Starfield's main development period comes to a close, Todd Howard has confirmed that The Elder Scrolls 6 is being worked on.
In a new interview with IGN's Ryan McCaffrey, Howard was asked if the team took a different approach to Starfield development, given that they may never get a chance to make a sequel with The Elder Scrolls and Fallout sequels in the pipeline. Howard then touched on The Elder Scrolls 6 development, albeit very briefly. Here's a timestamp of the discussion:
So, yeah, The Elder Scrolls 6 is officially in pre-production following reports of a similar development timeline earlier this year. The good news is that once Starfield is out, the majority of the team will likely pivot onto full development for The Elder Scrolls 6. Just don't expect it to launch anytime soon!
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