According to Eurogamer, CI Games is already working on Lords of the Fallen 2, though the work has scarcely begun. Executive producer Tomasz Gop posted on the LotF Polish Facebook page where it was translated and later confirmed by Eurogamer.
Executive producer Tomasz Gop confirmed it in an email to me this morning. "We're now working on vision and concepts for Lords 2," he wrote, but wasn't ready to talk further details.
Read more at the link above.