There is a Borderlands 2 prequel due out for PC, PlayStation 3 and Xbox 360, according to a new report.
GamePointsNow.com claims the shooter is set between the events of Borderlands 1 and 2, and 2K Australia, which has helped with the 2K-published BioShock and XCOM games, is handling development duties alongside Gearbox Software.
Apparently the story revolves around a younger Handsome Jack, who is after a powerful alien artifact. You play one of Jack's four lieutenants: Athena The Gladiator, Wilhelm The Enforcer, Nisha The Lawbringer and Fragtrap, a militarised claptrap. The game is set on the moon of Elpis and Hyperion's H-shaped base, both of which can be seen from Pandora in Borderlands 2.
More here:
http://www.eurogamer.net/articles/2014-04-07-borderlands-2-prequel-set-for-pc-ps3-and-xbox-360
PAX East is next weekend, and an official announcement is expected then.