Runic Games CEO Max Schaefer is basking in the success of Torchlight 2, and has already confirmed that there will probably be a third game. However, Schaefer states that the developer would like to do something completely new.
According to Schaefer when asked if there will be a Torchlight 3, "Yes. However, I don't know if it will expressly be a Torchlight game but with more, in the sense that Torchlight 2 was the same as Torchlight 1 but with more. I would imagine the next iteration in the Torchlight universe would involve a twist, and I don't know what that would be just yet. Our team has made the Diablos, Mythos, now we've worked on the Torchlights and they’ve all been action RPGs. We're eager to break that mold a little bit."
Torchlight 2 was released on the 20th September. Strategy Informer awarded it an 8.5/10 score in its .