The game will feature a number of enhancements over the Xbox 360 original, including updated HD graphics, improved controls, a new scenario to play through and the promise of future updates through DLC.
Deadly Premonition follows the eccentric FBI special agent Francis York Morgan as he investigates a series of murders in the town of Greenvale.
Earlier this year, director Hidetaka 'SWERY' Suehiro hinted at a Director's Cut remake of the cult classic horror game, though it is a surprise that the game will only release on PlayStation 3.
In the same interview SWERY also teased a possible sequel, saying that an announcement for his next project would be made next year.
The original game had just as many fans as detractors when it released on Xbox 360 last year thanks to its unique narrative, oddball characters and Twin Peaks-style world.
Deadly Premonition: Director's Cut will be available exclusively on PlayStation 3 in early 2013.
> 'Deadly Premonition's SWERY on creating Greenvale, new games
Watch a trailer for the original Deadly Premonition below: