The new episodes of the sci-fi comedy were confirmed by co-creator and chief writer Doug Naylor earlier this year. Charles previously revealed that he would spend three months shooting at the end of the year.
"It is exciting," the actor told ITV's This Morning. "The last series was 1998 - and we started it in '87... but I'll be back in the leathers, back in the dreadlocks. Everyone is back on board and they are building the sets now at Shepperton.
"It's going to be like the old days, we are going to rehearse, and record it in front of a live studio audience. Everyone's older, but I could still fit in the costumes!"
He continued: "We all really wanted to do it... the only problem was trying to get some time off Coronation Street, but they've been really good to me and given me the time off. It would've been terrible if they went off to do it without me!"
Speaking about his role as cabbie Lloyd in the ITV1 soap, Charles told presenters Phillip Schofield and Holly Willoughby that he would have liked his late mother to see him in the Manchester serial.
"It wasn't really a big decision - it's one of those things as an actor, everyone wants to be in it," he said. "I didn't think I'd be staying this long but... my mum had died and it was her favourite show and I just wished that she had been alive to see me in it.
"We used to watch it in the house - she'd always have it on, so it was one of those things that 'my mum would would've been really proud of me, let's go and do that'."
> Red Dwarf exec confirms new series
> Coronation Street Craig Charles predicts Lloyd, Chris troubles