The show's creator Mitch Hurwitz revealed news of the competition via an open letter to fans, reported Ace Showbiz.
"So what do you say? Share the art you've made over the years or create new pieces just for Season 4 and I'll help select one for the new DVD cover," he wrote.
"And you'll probably get paid something. Right? They'd probably have to just legally. I don't know. I'm not a lawyer. But I do have lawyers. And they suggest I retract everything I've just written.
The first three seasons of 'Arrested Development' aired on Fox, before the show moved to Netflix for its fourth season.
Will Arnett recently confirmed that the cast will all return for a new Netflix season, after Netflix chief content officer Ted Sarandos hinted the likelihood of a fifth run.