Sort of.
This is a blog post from Didier Chanfray, one of the co-founders of Adeline Software International. He talks about the current state of LBA.
It sounds like they're building up to do a remaster of the original LBA game and possibly LBA2 if the first one goes well.
https://twinsenslittlebigadventure.com/a-message-from-didier-chanfray/