According to VGC, sources have indicated that the game had actually come very close to wrapping up development, but that in spite of that, it was eventually shelved.
In a report concerning the recent Resident Evil 8 rumours published by VGC, tucked away at the very bottom were a couple of sentences talking about Deep Down.
No other info is given out, and though it doesn’t come as a surprise that the game is as good as dead internally at Capcom, what is surprising is that it was shelved in spite of being almost completely developed.
First revealed by Capcom all the way back in 2013 as a PS4 exclusive, the impressive-looking dungeon crawler Deep Down has by now joined the likes of Rockstar’s Agent in the category of vapourware releases.