Evil Dead 4 would essentially be Army of Darkness 2

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During my roundtable with Bruce Campbell and Robert Tapert (Evil Dead), the subject of how different Evil Dead is compared to The Evil Dead (1981) came up. With rumors and backtracking provided by Sam Raimi himself, we took it upon ourselves to ask Campbell and Tapert their thoughts on a proper sequel to Evil Dead.

Campbell had this to say about the subject:

This [Evil Dead] gives it a lot of space, and the series can operate independently in different universes. We can still make Evil Dead 4. [It] has nothing to do with this movie, whatsoever. Nothing, just a creepy book, that’s the only thing they have in common.

When pressed on whether that meant Evil Dead 4 was already confirmed, Campbell replied:

Sam’s been talking about it. Rob and I are like, ‘Show us a script.’ […] If we did another, Army of Darkness 2, which is really what it would be, it wouldn’t be Evil Dead 4 because Army of Darkness changed its name a bit. So really, it would be Army of Darkness 2.

Tapert concludes:

Nowhere was it called Evil Dead 3. It was Army of Darkness everywhere. Fans knew it as that.

From the mouths of the gods themselves. Whatever the nomenclature may be, it seems more and more likely that, depending on the proper script, we might see Raimi, Campbell, and Tapert continue what they started so many years ago.