Square RPG I Am Setsuna Namechecks Chrono Trigger
The first project from Square Enix's Tokyo RPG Factory has been announced, I Am Setsuna, and the game will come out this summer on PS4 and PC via Steam.
The label's aim is to create games reminiscent of classic JRPGs for the current systems. Tokyo RPG Factory says that I Am Setsuna's battle system is inspired by that of Chrono Trigger, so at least it's aiming high.
BTW, here's Dan Tack's sleuthing from the original announcement.
Perhaps the game will feature time travel as well, apart from finding inspiration from Chrono Trigger's battle system.