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shikamaru317 said:

Pretty sure it is. I distinctly remember speculation that Square Enix was creating an internal Nier studio after Nier Automata released and way outsold Square's predictions, because there were Square Enix job listings for Nier in 2017 after Nier Automata released, not positions at external studios but internal hiring for Nier. Yoko Taro has also teased new Nier games at multiple points in those end of the year developer quotes that Japan does every year, and I'm pretty sure some of those teases were after Nier Reincarnation and Nier Replicant remake both released (neither of which was developed by an internal Nier team that Square developed, both were developed by external developers rather than an internal Square team, Toylogic did Nier Remake while Applibot did Nier Reincarnation). 

Nier Automata way outsold Square Enix's internal predictions, it is now at 7.5m copies as of 2023, making it Square's 8th highest selling game of all-time, and the 2nd highest selling Square game that isn't in the Final Fantasy series, only behind Space Invaders. Meanwhile the remake of Nier 1 sold 1.5m copies by 1.5 years after it released, 3x more copies then than the original release of Nier sold lifetime, and the remake will surely move at least 2m copies lifetime. Square would be foolish to not have Yoko Taro developing a 3rd main game in the franchise with sales that high.

Sources

2017 internal Square Enix hiring for Nier series

2021 hiring for Nier after Nier Replicant Remake and Nier Reincarnation both released

2021 end of the year joking by Taro and the rest of the Nier team that the series is dead unless Square gives them a big enough pile of money to tkeep making it (this is Taro's style of humor)

This is all irrelevant because