The new films will see original star Ellen Burstyn reprise her Oscar-nominated role of Chris MacNeil alongside Hamilton’s Leslie Odom Jr as a father tracking her down when his daughter is possessed.
Universal is set to pay $400m for the rights to a new trilogy continuing the story of The Exorcist.
The franchise will be ushered in by David Gordon Green, who directed the new Halloween trilogy starring Jamie Lee Curtis reprising her role of Laurie Strode.
The first film will be released in cinemas in October 2023, with subsequent films possibly going straight to Universal’s US streaming service Peacock.