The Final Fantasy VII remake release date has been reportedly confirmed and the game has been in the works if the reports and rumors are to be believed.

It seems like the Final Fantasy VII remake won't be PS4 exclusive after all as the PS3 version has been revealed as well.

The Video Gamer Headlines has reported that Square Enix is working on a PS3 version of the Final Fantasy VII remake but the main focus is the PS4 version.

In a report by Cyberland, industry insider Verendus who is known for having very strong connections within the Japanese gaming industry, posted on NeoGAF mentioning that the project is happening:

"It's happening. He's obviously not going to give any indication as such though so it hardly matters until they're ready to announce something. His comments make sense. It's a huge project that will take a lot of effort, and demand a lot from him personally, in order to ensure the end result is something satisfactory."

And in a different report by Cyberland it seems that the Final Fantasy VII remake is going to be in full production once Square Enix is done with Final Fantasy XV and that The Final Fantasy VII remake is going to be for the PS3 and PS4.

User "Erik GoGetta" has commented on gaming site IGN that Square Enix may reveal the Final Fantasy VII remake and full gameplay reveal on E3 2015 however that didn't pan out but Cyberland has revealed that Square Enix allegedly set the Final Fantasy VII remake release date for a 2016 release.

With the hype for the Final Fantasy VII remake release date in full swing do you think that Square Enix can live up to it? Or would the original trump over the Final Fantasy VII remake for the PS3 and PS4? Sound off in the comments below!