That's according to the Finnish studio's creative director and lead writer Sam Lake, who told Polygon the Xbox and PC series may not have run its course.
"We love Wake and we are constantly looking for opportunities and talking about possibilities of what we could do with Wake," he said.
"I would definitely love to do more Wake, but it needs to be something we absolutely feel is the right thing for Wake, and the bar is high enough, and this is really going to be cool, not just doing it at the cost of making something that's not as top notch as it should be, so time will tell."
Psychological action thriller Alan Wake was published by Microsoft for Xbox 360 and PC in May 2010. It went on to sell over two million copies.
Alan Wake's American Nightmare, a standalone series spin-off, was released in February 2012 on Xbox Live Arcade and three months later on PC.