The actor - who played Combo in the 2006 Shane Meadows film and its TV spinoff - told Digital Spy that This Is England 1990 will "definitely" start filming next year.
"Shane is doing the Stone Roses documentary, but we're definitely gonna do [the new series] next year and my character is going to be coming out of prison, so I'm really looking forward to that," Graham said.
The 39-year-old - promoting the DVD release of BBC drama Parade's End - admitted that he was apprehensive when Meadows first approached him about reprising his role of Combo in a TV series.
"I think it was such a good film that stood up on its own," he explained. "And then when he explained it to me, what I loved about it was getting to know the other characters of the story and letting them really become a part of the whole thing.
"You're getting to see their life, their stories and everything. It's a big ensemble piece now. I'm such a big fan of the show - I guess because I wasn't in the TV series much, I watched it and thought it was fantastic!"
Graham went on to describe last year's Christmas three-parter This Is England '88 as "phenomenal" and "an amazing piece of television".
"Some of the acting was leagues apart from anything I've seen in a long time," he said. "Vicky McClure was just breathtaking."
Parade's End is now available to buy on DVD and Blu-Ray.
> Stephen Graham Parade's End Q&A: 'I play men who are on the edge'
> This Is England star wants final series: '1990 would be a good end'
Watch a clip from This Is England '88 below: