Square Enix has announced that Drakengard 3 will be releasing on the 21st of May, 2014 in Europe, exclusively on the PS3.
Drakengard 3 serves as a prequel to the original game and is said to have an unrevealed connection to Nier. You take up the role of Zero, who's both the protagonist of the game and also an anti-hero.
In Europe, it will release as a digital-only title, but North Americans, who will receive the game on the 20th of May, will be getting a full retail release.
Recently, the director of Drakengard 3, Taro Yoko, stated that he would love to work on a sequel for the game, but unfortunately it's out of his hands.