It appears that the next game from Ninja Theory is currently in development

Ninja Theory is expanding its team, actively seeking senior combat system designers experienced with Unreal Engine 5 and boss fight design. This suggests significant combat system improvements are underway for an upcoming project, potentially a Hellblade sequel or a new IP entirely.

The focus is on creating more varied, complex, and environmentally dynamic battles. While the Hellblade series boasts impressive combat choreography, battles have been criticized for linearity and repetition. The new system aims to introduce richer enemy interactions, making each encounter unique. The ambition seems to be a level of dynamic combat comparable to titles like Dark Messiah of Might and Magic, where diverse environmental elements, location features, weapons, and character abilities contributed to highly varied combat scenarios.