Today, Take-Two Interactive announced that Illusion Softworks are indeed developing Mafia 2. While nothing much known so far, Take 2 said that the gameplay will be similar to Mafia - The City of Lost Heaven. The game story takes place in late 1940s - early 1950s crime syndicate, about the same period of time as Electronic Arts' recent release The Godfather.

Mafia 2 is being developed for modern consoles and the PC.