Bloomberg reports that the recent corporate reshuffling that landed Vicarious Visions and its 200 employees in Blizzard’s lap was executed in part because the studio was already working on a Blizzard title, presumably called Diablo II: Resurrected. Vicarious Visions said that it had been working with Blizzard “for some time.”
This is an interesting development, as Blizzard itself was handling the remake until the Warcraft III: Reforged fiasco of early 2020. After that mess, Activision took the project away from Blizzard’s Team 1 and partially handed it to Vicarious Visions. So now with this reorganization, Diablo II has come back home once more.