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Yerm said:
so TL;DR

they stripped the game from the original dev team 2 years into development and scrapped all their work, basically starting from scratch in 2016. Nomura is also barely present since he is split 3 ways with directing Osaka, KH3, and FF7 all at once.

we likely wont see an official update until 2020 at the soonest

Pretty much.

 

Square Enix is officially appearing at E3 with a presentation on the 11th of June. Everyone has already automatically assumed it's gonna be about FF7 Remake. But it reality it's going to be for Kingdom Hearts 3, and Shadow of the Tomb Raider. And MAYBE their secret collaboration Avengers project.

 

But there certainly won't be anything on FF7 Remake.