TimeSplitters 4 in development at Dambuster Studios?

In the past few hours, a Reddit user has revealed that Dambuster Studios, engaged in the development of Dead Island 2, would also be working on another expected sequel that could be announced at the next E3 2020. We are talking about TimeSplitters 4, fourth installment of the shooter series that began way back in 2000 on PlayStation 2. The user's post reads:

It may be known already, but Dambuster Studios, the developers working on Dead Island 2, are in the early stages of development of TimeSplitters 4. I don't know much more besides the fact that they are still in the early stages, but they should have builds already playable. It will be released after Dead Island 2, which by the way, expect it to be revealed at E3 2020.

We remind you that obviously, since it is a rumor, the news has not been made official and could therefore be false. We therefore invite you to take this news with due caution, waiting for more concrete updates.