Development studio Square Enix celebrated the New Year by confirming that "Final Fantasy XV" will come out later this year.

Although the studio mentioned that the game is not yet complete, it is still on track for its projected release.

Previously, rumors and speculations pegged the launch of the latest entry from the long-running "Final Fantasy" franchise sometime before or during 2017. But on January 1, Hajime Tabata, the director of the upcoming game, announced that "Final Fantasy XV" will launch in 2016.

"We will release FFXV this year, in 2016," he wrote in a blog post. "In development, previous phases required wisdom and strength. However, moving forward the final phase will focus on effort and willpower."

"I vow to you all that every member in the team will do their best to the very last possible moment taking responsibility and pride in their craft," Tabata added. "We will do everything we can do to finish FFXV to create an experience we are incredibly proud of and one that you will enjoy and treasure."

As for the features of the game, "Final Fantasy XV" will still utilize the Active Cross Battle System like in previous titles from the series. But, for the new game, Square Enix improved the interface of the system and made it more realistic.

Instead of going through a menu for certain actions and control options, players will be able to map commands on the buttons of their controllers, making it easier for them to perform attacks and maneuvers.

In addition, Dan Seto of Square Enix previously said that the company will release DLCs for the game in the future. However, it is not year clear if these content updates will come out for free.

"The DLC is being planned because people like to have some extra, optional stuff to do after they've 100% completed their games but like Tabata-san said, all the DLC is still in the planning phase since they're still obviously making the main game," he said according to PlayStation Lifestyle.

As Tabata noted, the game will come out later this year and will only be available for the Xbox One and PlayStation 4 consoles. Last month, the game director confirmed that Square Enix has no plans of creating a PC version of "Final Fantasy XV."

According to him, creating a PC port is not that easy even though a beta version of the game has been made for this platform, Techno Buffalo reported.