Saints Row 3 will be released this autumn, publisher THQ confirmed during an overnight earnings call (listened to by Eurogamer).
"In the Fall, we plan to launch the latest instalment of our Saints Row franchise, which we view as a significant growth driver in fiscal 2012.
"Volition is setting a new bar for this outstanding franchise and we look forward to unveiling this game in the near future."
Asked for more info on the title, Farrell insisted he had to remain tight-lipped.
"I have been placed under a very tight gag order by our Saints Row team," he explained. "Hang in there: you're going to love it."
Saints Row has established itself as the No.2 sandbox franchise behind Rockstar's Grand Theft Auto, and with no obvious competition in the genre this autumn the third game could extend its fanbase.