After repeatedly delaying the game, Dying Light 2 developer Techland announced that it'll be providing players with a detailed update on the game's development progress soon, on March 17th. Dying Light 2 was originally slated for a 2020 release. However, following multiple delays - including the current indefinite one - there were doubts about whether or not the game would see the light of day.
In the Twitter thread where it initially announced the info dump, Techland candidly went on to state that they'd announced Dying Light 2 "too early. Unfortunately, as Cyberpunk 2077 went on to show, even 8 full years of development after an announcement won't necessarily guarantee a cohesive, feature-complete experience.
Last month, TheGamer published an investigation of Techland's workplace environment, covering what it described as a "toxic work culture," and disorganized management that resulted in delays and game features being added in and taken out.
Keeping the multiple delays in mind, it's too early at this point to comment on whether or not Dying Light 2 will materialize. We expect the March 17th announcement to clear up a number of questions, however. On interesting possibility: if the release date is pushed into Q3 2021 or 2022, we might see the PlayStation 5 and Xbox Series X/S get a more polished experience, with features like ray-tracing that were initially announced on PC.