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Rumour: The Next Donkey Kong Is Being Developed By The Super Mario Odyssey Team - Nintendo Life

Words cannot express how happy I am even to hear about a rumor on this! I LOVE Donkey Kong 64 so something that isn't just a 2-d game would be amazing!

This rumour is also backed up by recent comments made by leaker Zippo:

"It's the big ape's 40th anniversary, and while I'm not sure how Nintendo is celebrating the occasion, there is a new 2D DK game being developed by EPD Tokyo. Retro is obviously busy with other things, so Nintendo has taken it upon themselves to bring DK back in as internal series. Don't expect the "Country" moniker to return, as EPD Tokyo are not interested in making a sequel to games they didn't make. Diddy, Cranky and the Kremling Krew should all be returning in this installment. It sounds like this game is launching before the end of the year. An E3 announcement seems very likely."