Rumours were swirling last year that a new Banjo-Kazooie game was in development, however it seems as though the project is currently being reworked and re-envisioned internally. The news comes from Nate Drake who says that he spoke about it too soon and that plans have changed, for the better, he adds. It is not clear which studio at Xbox Game Studios is working on the project, however Microsoft is not short of development studios now with its various acquisitions.
Leaker claims Banjo-Kazooie project is currently being reworked

Hi everybody my name is natan wow i am so excited for banjo i hope i am allowed to play it have a nice day everone :-)
I one day want to own a banjo and dragon quest amibo that would be so cool my friends wouldnt believe it and they would tell everybody >:D
Nate Drake if this is a lie then you are a jerk, the vision of Grunty the best character being reworked.
This time Grundy will win, defeat that bear and annoying bird as I get thin. So hurry up and get with this game. The fact we have to wait for years is rather lame.
One more thing before I go, the waiting game is rather slow. So hurry Nintendo and leave the Switch, waiting for Switxh 2 is becoming a b***h.
Ra reee rah re raaaa reh, Ra were
I hope this isn’t like the time they were working on Banjo-Threeie and reenvisioned it as Nuts n Bolts
That’s not what happened. Rare actively avoided making Banjo Threeie on the Xbox because they thought there wasn’t an install base for it because Grabbed By The Ghoulies didn’t sell well. Now I’m not saying that mindset made any sense but that’s pretty much why we never got a Banjo Threeie all this time.
Umm dude? Nuts and Bolts is Banjo Threeie! There was never a traditional platformer because Nuts & Bolts was that. This was confirmed in an interview by the people who used to make that game. The closest we got to Banjo Threeie was them trying to remake the first banjo game but that became Nuts & Bolts. Stop the cap bro
Um, how does this have to do with Nintendo?
Because it originally started on the N64.
Shame on you :)
Because Rare helped make the Donkey Kong Country games. Stop the cap bro and go back to 1995
And it all came to a halt in 2002…so what does this have to do with Nintendo, again?
Are you going for the edgelord look.
Banjo Kazio is literally is Smash Ultimate 🤦♂️
Don’t forget that the game is on N64 – NSO, too.
Toys for Bob would actually be the great choice for Banjo-Kazooie!
Hell no. TfB shouldn’t be allowed anywhere near a classic series anymore. They absolutely butchered Crash in IAT.
Last time I checked, that one was actually the best Crash Game we’ve had in years.
But if you hate it, that’s okay, but I still believe Toys for Boy should be developing Banjo-Kazooie, especially how well they handled Crash 4: It’s About Time
Honestly, I loved Nuts and Bolts. Obviously it doesn’t hold a torch to the classic games, but I had immense fun with it. The vehicle designing was very well made, I actually WANTED to progress to unlock more parts. Plus the throw backs was fun. I’d be happy if they made a true 3rd platformer, but I’d also play the shit out of a Nuts and Bolts reboot