UPDATE: Head of Xbox, Phil Spencer, has confirmed the rumour is fake as we thought.
Rooster Teeth YouTube channel The Know have just claimed that an anonymous source of theirs has said Microsoft is in talks with Konami to purchase the recently cancelled Silent Hills.
If the deal goes through, the source claims Microsoft will make the announcement at this years E3 and Silent Hills will release exclusively for the Xbox One in March 2016. The dollar amount of the sale is apparently in the billions.
Again, this is simply an anonymous source so take it with a grain of salt, you can watch the video below.