The plot will centre around the titular 'Ballerina', who was played by Unity Phelan in 'John Wick: Chapter 3 - Parabellum', as she aims to get revenge on the people who killed her family.
Len Wiseman, known for 'Underworld' will direct. Shay Hatten, writer on 'John Wick: Chapter 3 - Parabellum' and Zack Snyder’s 'Army of the Dead', penned the script.
Producers are Basil Iwanyk, Erica Lee and Chad Stahelski, the director behind the 'John Wick' franchise.
De Armas shot to fame for her role in 'Knives Out'. She also featured in 'War Dogs', 'Blade Runner 2049', and will star as Marilyn Monroe in the upcoming biopic 'Blonde'.
It's unclear if Keanu Reeves will make any cameo appearances as John Wick in the new film. We will, however, see plenty more of him in 'John Wick 4'
'Ballerina' is not the only spinoff of the popular franchise coming our way. Mel Gibson will star in the limited series 'The Continental' next year.