Nearly a decade after its release, The Witcher 3: Wild Hunt may not be done just yet. A recent analyst report has reignited speculation that CD Projekt RED could be preparing a brand-new, paid expansion for its iconic RPG — potentially arriving in 2026.
Analyst Report Sparks New Speculation
According to an updated investment analysis from Noble Securities, CD Projekt RED may be planning additional content for The Witcher 3 in the first half of 2026, with May 2026 mentioned as a possible release window. The estimate comes from analyst Mateusz Chrzanowski, who believes the project could operate with a development budget of roughly €12 million.
The timing would be symbolic. May 2026 marks the 10th anniversary of the “Blood and Wine” expansion, one of the most celebrated DLCs in modern gaming. From a business and marketing standpoint, launching new content around that milestone would make sense.
More Than Just a Nostalgia Play
The report suggests the potential expansion would serve more than just long-time fans. Analysts believe a new DLC could:
- Extend the commercial lifespan of The Witcher 3
- Reignite interest in the Witcher brand
- Act as a narrative or thematic bridge toward The Witcher 4
Rather than functioning as a major standalone expansion, the content could be designed as a transition point between eras of the franchise.
The Witcher 4: A Massive Project Still Years Away
The same report reiterates that The Witcher 4 is not expected to launch before Q4 2027, aligning with CD Projekt RED’s earlier statements that ruled out a 2026 release.
The scale of the project is substantial. Analysts estimate development costs could reach up to €325 million, with marketing expenses potentially matching that figure. This would place The Witcher 4 among the most expensive video game productions ever made.
What About Cyberpunk 2 and Other Projects?
The report also touches on Cyberpunk 2 (internally known as Project Orion), which is currently projected for a 2030 release window. Around 135 developers are reportedly involved at this stage, though CD Projekt’s main focus remains on the new Witcher trilogy.
Other projects — including The Witcher 1 Remake, Project Sirius, and Project Hadar — are said to be progressing more slowly. Analysts speculate that some external teams have been temporarily reassigned to support The Witcher 4, potentially pushing those titles into the 2028–2032 timeframe.
Important Disclaimer: No Official Confirmation
It’s important to stress that CD Projekt RED has not officially announced any new DLC for The Witcher 3. All information stems from analyst projections and investment scenarios rather than confirmed development plans.
What is officially confirmed:
- The Witcher 4 will not release in 2026
- Cyberpunk 2 is in active development
Final Thoughts
A return to The Witcher 3 in 2026 would be an unexpected — but welcome — move for many fans. Whether CD Projekt RED chooses to revisit Geralt’s world one last time remains uncertain, but analysts clearly see strategic value in doing so.
Would you like to see new content for The Witcher 3, or should the studio focus entirely on the next generation of the franchise?
