Kyohei Suzuki from Square Enix has recently confirmed that he will be working on developing a remake version for Final Fantasy 7 as a game director. As reported, the game's development might fasten with Tetsuya Nomura having another game director to work with.
According to the report from The Bitbag, with the announcement of the second director on board, the release date of Final Fantasy remake could be announced soon. On the other hand, Square Enix has not discussed any details regarding the upcoming game besides its initial reveals. Based on the previous information, it has been confirmed that the game is to be released in multiple full-sized game similar to Final Fantasy 13. Meanwhile, there are no news or official announcements made regarding the first episode of Final Fantasy 7.
On the other hand, Final Fantasy XV has been out for about a month now. That means there is a huge reduction of work load from Square Enix. As a matter of fact, the Final Fantasy 7 remake could have been focused now since the franchise's slot for next year is now free. However, Kingdom of Hearts 3 is still currently under development, which is also reported to be a big project. As of this writing, Square Enix has not yet released any official details regarding the Final Fantasy remake and Kingdom of Hearts 3.
Lately it was discovered that there were cut content present in Final Fantasy XV leading to its early release. Apparently, this happened when the original game was halted since the name change from Final Fantasy Versus to Final Fantasy XV and the game director change from Tetsuya Nomura to Hajime Tabata.
Additionally, fans noticed some lack of shoehorned experiences in the game, while Tabata previously confirmed that the transition from open world to linear gameplay resulted in such quality. Meawhile, having two game directors means a more creative way for the remake. Hopefully, Square Enix will not rush the production for an early release to ensure a better gaming experience for their fans.