The movie stars Gerard Butler, who returns as secret service agent Mike Banning, and Morgan Freeman is also on board to reprise his role, reported Variety.
Butler will produce with his partner Alan Siegel at their G-BASE production banner, alongside Danielle Robinson. Millennium Entertainment's John Thompson, Matt O'Toole, and Les Weldon will also produce.
"Olympus Has Fallen" released in 2013, grossing USD 170.3 million worldwide. The sequel, "London Has Fallen," did even better overseas, earning USD 205.8 million worldwide, leading the makers to move forward on a third installment.