The cartoon series was axed by broadcast network FOX more than two years ago amid lacklustre ratings but has since performed well in syndication on the Cartoon Network and has sold well on DVD.
Earlier this month it was speculated that the show could follow in the footsteps of Family Guy and come back for a new run of TV episodes but production studio 20th Century Fox TV has now decided to resurrect it via a different medium.
"This Futurama project is a done deal," confirmed Billy West, the voice of Fry, in a post on his website. "Everybody is excited to get back together - as I am!"
Production will begin July or August for a likely release early in 2007.