Hideo Kojima is reportedly in talks with Konami to work on a brand new Silent Hill game, according to Reddit user Sarkzt0001. As unlikely as this sounds, it does match up with previous news that Kojima-san is looking to make a new horror game, so Silent Hill definitely fits the bill in that respect.

The report claims that Kojima has been in talks with Konami to produce a new Silent Hill game since wrapping up Death Stranding. While Kojima Productions will have creative control over the project, Konami will determine who the main actor will be, with Reedus reportedly not involved in the title.

https://gamerant.com/hideo-kojima-silent-hill-konami/

I'm totally not surprised by this. I wonder why Kojima didnt just ask SONY for the Siren series tho.

Here is more fuel to fire - The co founder of Kojima Productions recently quit "due to a disagreement"... What could that disagreement have been about? Hmmmm

i am more believe Xbox scarlet rumor run at 16 teraflop rather then this rumor. LOL

That would be quite the shocker.

I was recently thinking about SH2 and listening to its soundtrack. A new good Silent Hill is long overdue.

A new Siren would be balls off the walls. Though if such a thing were to exist I wonder if they would make a completely new one or do a reimagining of the second game like they did with Siren: Blood Curse. 

I'd rather Sony buy the IP than have Konami involved with the project. I really don't believe this at all, anyway. Not with all the bad blood between the two.

I highly doubt it. Konami only wants to make low budget games at best like with Bomberman R and Contra Rogue Corps when it comes to classic series.

I believe Hideo Kojima may consider spiritual successor to silent hill as he has bad blood with konami and that fact he has proven that he does not need konami to make successful games, meaning he is unlikely to do so, I feel he is more likely to make spiritual successor to Policenauts or Snatcher but instead as a graphic novel, action based game within those worlds.