Wedbush Morgan's Michael Pachter thinks EA-owned Guildford studio Criterion Games may be working on a Battlefield spin-off.
The analyst said in a research note issued today: "We believe Criterion Games is working on a military shooter that may become a brand extension for the Battlefield franchise in FY:15."
If accurate, the game would be released by the end of EA's next financial year ending March 31, 2015.
In late November at the UBS 2013 Global Technology Conference, EA chief financial officer Blake Jorgensen answered questions about potentially annualising the Battlefield franchise.
"The challenges are you've got to most likely do it out of two studios because it's hard, it's a two-year project," he said. "Battlefield takes us about two years to develop and so you want to make sure that you're sharing talent across studios, so you keep core talent of the product and the experience for the consumer there."
In April, Criterion creative director Alex Ward said on his personal Twitter account that, "after over a decade of making racing games it's time to make something new".
In September, the studio shrunk its workforce to less than 20 people, but Ward insisted the downsizing was voluntary.