CD Projekt has quietly stoked speculation that The Witcher 3 will receive fresh, possibly paid content, after a series of reports and investor remarks pointed to work underway at partner studio Fool’s Theory. The 2015 blockbuster role-playing game has long been considered complete, yet Polish games industry insider Borys Nieśpielak first outlined the supposed project last summer, and reiterated his claims via Eurogamer. Together with a November 2025 financial update and subsequent investor call, the signals suggest new material could land within months. Analyst Mateusz Chrzanowski forecast a May 2026 release window, framing expectations for content in the game’s world.
Origins and developer
Rumors of additional The Witcher 3 content began with Borys Nieśpielak, who last summer said development was underway at Fool’s Theory, the studio remaking The Witcher 1 for CD Projekt. Eurogamer reported that Nieśpielak has doubled down, aligning with recent hints. In an investor call following the company’s November 2025 results, "other project," said Michał Nowakowski, joint studio CEO, citing Fool’s Theory alongside the remake and support for The Witcher 4. That phrasing, paired with earlier claims, has fueled further expectations that CD Projekt is extending the 2015 hit’s lifespan through externally led development that fits the studio’s current slate.
Financial hint
In CD Projekt’s November 2025 financial report, chief financial officer Piotr Nielubowicz offered the clearest hint yet. "Given our current progress, there is a chance that new content hinted upon in recent calls and reports may see release in the coming year," said Piotr Nielubowicz, chief financial officer, CD Projekt. He did not name the project, but said it could affect upcoming results, implying meaningful scope and a relatively near-term arrival. The timing aligns with external chatter around a 2026 window and reinforces the idea that development is sufficiently advanced to plan for release, even if the publisher remains cautious.
Analyst timeline
Market watchers have added specificity to that window. Polish analyst Mateusz Chrzanowski said he expected "the next paid add-on (DLC) for The Witcher 3 to be released in May 2026," pointing to a concrete month that matches the company’s suggestion of material influence on near-future results. If correct, the schedule would place the add-on only months away, consistent with repeated assertions that work is underway at Fool’s Theory. The paid framing also suggests a scope beyond minor updates, though CD Projekt has not confirmed pricing or content. For now, the analyst view simply narrows expectations while the publisher maintains silence.
What it could mean
Altogether, the strands point to CD Projekt, via Fool’s Theory, preparing something new for its award-winning 2015 RPG. The confluence of Nieśpielak’s initial report, Eurogamer’s follow-up, and two official touchpoints has given the rumor unusual resilience ahead of 2026. While details remain unannounced, the company’s implication of business impact suggests meaningful scope for longtime players. For CD Projekt, delegating to Fool’s Theory fits an existing relationship that spans The Witcher 1 remake and support for The Witcher 4. With months to go before May, expectations will build — an exciting prospect for fans, and one that would make strategic sense.
