Was announced a couple of days ago that it is in the works and looks to be a return to form with a modern setting, 64 players and no specialists. Although BF2024 didn't regain much in popularity, it did improve under the leadership of Vince Zampella (formerly of Titanfall) and he along with his team probably saved the franchise's future. They did some u-turns on some really stupid design choices made by (now) ex DICE developers and made some key changes to maps and other elements. It wasn't enough for many but at least it paves the way for another game - this one hopefully done right from the off.
The background seems to be Gibraltar.