The Showtime network revealed the news at a Television Critics Association meeting in California, where Kyle MacLachlan made a cameo appearance.
“I think you need a damn good cup of coffee,” Kyle MacLachlan said, referring to one of Dale Cooper’s original catchphrases.
“I’m very excited to return to the strange and wonderful world of Twin Peaks,” the actor said.
He added: “May the forest be with you.”
Twin Peaks creator David Lynch later announced the news on Twitter with the hashtag #damnfinecoffee.
The third series will be broadcast on Showtime in the US in 2016.
It will come 25 years after the first two series, which were aired in 1990 and 1991. A prequel film, Fire Walk With Me, was released in 1992.
The unsettling drama explored the murky goings-on in a US town after the murder of teenage beauty queen Laura Palmer.
Twin Peaks won three Golden Globe awards in 1991, including best TV drama series and best actor in a TV drama for Kyle MacLachlan.
Kyle MacLachlan went on to forge a successful TV career after Twin Peaks, with credits including Agents of Shield, The Good Wife, Portlandia, Desperate Housewives and others.
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