Since the announcement at The Games Awards three years ago, no concrete updates have ever been given regarding Bayonetta 3. The only concept that is continually repeated is that "development is progressing well".
On the merits of the issue, somewhat surprisingly in all honesty, Hideki Kamiya directly entered, who said he was hoping to reveal news on the exclusive Nintendo Switch title in the course of 2021. there are also other projects in progress at Platinum Games not yet revealed.
“Well yes, there may be new projects. We worked a lot on Bayonetta 3; I can't say much, but I hope to be able to give updates during the year. "
Although nothing can be excluded from the tenor of the Producer's words the launch of the title in 2021 seems to be moving away.