Pretty much 0% chance of that happening. That reboot was a one and done deal.
Considering that the last entry was set in the Sands of Time universe and that the movie was literally Sands of Time, it's suffice to say that the remake will be set there. The Prince in its "Sands of Time" iteration is far more convenient from a marketing standpoint because it's a much more relevant figure. You can put a face on the product that is recognizable to most people who think of the IP.