User blog comment:ILuvAnime/Fairy Tail continue after episode 175/@comment-24.86.185.4-20130723054306/@comment-7418318-20130723080136

The message we got a few days ago said that they just got the green light for the sequel.

That means they havn't even started to work on it!

They need to gather animators, voice actors and other personel, draw up contracts and only when all that is set up can they start with the actual work.

It'd be foolish in the extreme to give even a rough estimate of how long it might take at this point, much less a "definite" release date.