Capcom have renewed the trademark for their 2013's in-development title Deep Down on June 19, 2020. ... Capcom never officially said that the development of the game has been cancelled but various rumours suggested that the company indeed gave up a long time ago.

Will Deep Down ever release?

Despite being in development for eight years, Capcom has still shown no sign of ever releasing their procedurally generated Soulslike, Deep Down.

What happened to Capcom Deep Down?

With some of its top talent leading the charge, Capcom invested heavily in Deep Down, even announcing it in tandem with a new proprietary game engine, Panta Rhei. After years of silence, Ono confirmed in 2019 that the original development crew had disbanded, leaving Capcom to place Deep Down on indefinite hold.