Gamers around the world have been buzzing about a Kingdom Hearts 3 release date for the Xbox One, leaving many wondering if Microsoft and Square Enix will team up to develop a version for the next-generation console.

The game's developer is also working on exclusive content for several Playstation platforms, Examiner.com reports, leaving gamers wondering if the game will be available for the PS4.

The Osaka branch of Square Enix 1st Production Department is developing Kingdom Hearts 3 - the product will be published by Square Enix with Disney Interactive Studios handling the distribution duties, Examiner.com also reports.

However, there are many rumors in gaming forums speculating that Square Enix might cancel the development of Kingdom Hearts 3.

And Square Enix developer Tetsuya Nomura says the development of Kingdom Hearts 3 is "still being debated" and that he has "no idea what characters or worlds will be seen."

"Fan expectation for 'Kingdom Hearts 3′ is extremely high," Nomura said during an interview. "To respond to those expectations, I have to provide something really good."

But some believe Square Enix will move forward with plans to produce the game and is desperate to release it.

"Nope, Square Enix needs money. Kingdom Hearts 3 is potential money. Square Enix will make Kingdom Hearts 3 to make money," the source told Society and Religion.