A new Fable is in development.
Fable

Microsoft finally, finally announced that a new Fable is in development. The new title was briefly teased today during the Xbox Games Showcase event. It wasn't much, but it's more than what we have gotten over the past several years.

It's simply called Fable and is in development at Playground Games. Yes, the Forza Horizon studio is the same one working on the new Fable.

We also know that it's coming for the Xbox Series X and PC.