Coppola executive produced the first film and "Jeepers Creepers 2", reported Ace Showbiz.
The film centers on a mysterious creature, the Creeper, who resides in the Midwest and is well-known for harvesting human organs which he then adds to his body.
The third film is said to focus more on the "show events on the last day of the Creeper's 23-day feeding frenzy, as the sceptical Sergeant Tubbs teams up with a task force hellbent on destroying the Creeper for good."
Victor Salva will also back as director and screenwriter. Filming will begin next year in Vancouver, British Columbia and the movie is expected to arrive in the US in early 2017.
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