Sequel's remake was announced alongside the first game's reveal
When Panzer Dragoon: Remake was first announced, developer MegaPixel Studio also revealed plans to provide the same treatment to its sequel, Panzer Dragoon II Zwei. Now we know it's still in the works thanks to the studio's confirmation of plans to release Panzer Dragoon II Zwei: Remake sometime in 2021.
No further information accompanied the reply on Twitter, so stay tuned for more in the future.
We're planning to release Panzer Dragoon II Zwei: Remake this year. ????— Panzer Dragoon: Remake (@PanzerDragoonRE) February 26, 2021
Panzer Dragoon: Remake is currently available on Switch, PS4, PC, Xbox One, and Stadia.