The popular Antonio Banderas-voiced character will get his own stand-alone film.
The Shrek franchise is a multibillion-dollar property that has made over "$2 billion worldwide in theaters, tens of millions of DVDs sold and merchandising in every toy store."
Shrek Goes Forth, the fourth installment in the franchise, is set to debut in theaters May 21, 2010.
Puss in Boots was released October 28th, 2011 and stars Antonio Banderas, Salma Hayek, Zach Galifianakis, Billy Bob Thornton, Amy Sedaris, Constance Marie, Guillermo del Toro, Rich Dietl. The film is directed by Chris Miller.