Arkane Studios is composed of Arkane Lyon and Arkane Austin.
Harvey Smith, co-creator of Dishonored, is currently working with Arkane Austin on a new game.
Arkane Lyon is working on Deathloop, which is set to release on May 21, 2021.
Arkane Studios is one of the eight studios under the Bethesda Softworks publishing umbrella but there are actually two different teams: Arkane Lyon in France and Arkane Austin in Austin, Texas. Harvey Smith, co-creator of the Dishonored franchise, recently spoke with Vandal, confirming that he's working with Arkane Austin on a new game, having left Arkane Lyon after Dishonored 2 was finished in 2016.