According to Variety, David Twohy is reprising his role as writer/director for the sci-fi film.
The plot details are being kept under wraps. But insiders say the third outing will hew closer in tone to the cult hit Pitch Black and will focus on the character of Riddick as opposed to the universe he inhabits, which was the case with the critically panned Chronicles of Riddick. Still, Chronicles of Riddick earned $116 million worldwide and spawned a successful vidgame series.
Related: GIVEAWAY: Win Riddick on Blu-ray
Dates are being worked out for Riddick so as not to overlap with Universal's fifth installment of Fast and Furious, Fast Five, which will shoot sometime this year with Diesel onboard to star and produce.