From PushSquare:
https://www.pushsquare.com/news/2020/03/rumour_silent_hills_to_return_on_ps5_alongside_separate_series_reboot
Looks like Sony is working to rebuild the relationship between Kojima and Konami to bring Silent Hills back.
Japan Studio is also rumored to be working on a soft reboot as well.
There were also recent rumors of Norman Reedus in negotiations for another Kojima game.
Sources apparently have a good track record.
Would be fucking sweet if true! Hopefully Konami will also put P.T. back on the PlayStation store for those who didn’t get a chance to play it.