According to the developers of the Trails series they will be releasing a new game next year. Falcom are the developers of the Trails series and in their latest financial reports they confirm that a new game will be released sometime by September 2020. Their latest game to release in the West is Trails of Cold Steel 3 and is considered a success so hopefully this means that a localization of the fourth game is in the works.

Source: Gematsu

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