We’ve learned that Funcom is developing yet another spinoff game within the Secret World franchise.

The news comes via the developer’s annual financial report, where they reveal the new spinoff is already in the conceptual phases:

“The company has started internal concept development and protyping for a smaller game based on The Secret World IP […] There is no target release period yet as the project is still in a very early phase.”

This follows their most recent entry in the franchise, the psychological horror/thriller, The Park, which is set for a console release on May 3rd.

Elsewhere in the report, Funcom is really putting a lot of faith in their recently announced online game set within the Conan universe, Conan Exiles. They’re also probably going to cancel Lego Minifigures Online sometime later this year.