According to the January issue of Hobby Japan magazine, a new two-volume 「Queen’s Blade」 OVA series has been green-lit for production. It will be based off the non-canonical Vanquished Queens visual book. It is slated for release Spring 2013.
Queen’s Blade: Vanquished Queens is a visual book depicting and detailing some of the characters defeat. Timeline wise, some of the characters are defeated before the Queen’s Blade tournament, such as Menace, Irma, and Leina. Every other character is defeated sometime between Beautiful Fighters and during Rebellion.