Boxing legend Mike Tyson has officially joined the cast of the newly announced “Ip Man 3”, which tells the story of martial arts pro and one-time mentor of Bruce Lee, Ip Man.

While the first two focused on Ip's early life, this last instalment will focus on his master-student relationship with Lee, says Variety.

Tyson is gearing up for a big role in the biopic as a property developer and street fighter.

Donnie Yen will also take up his role again as Ip and is excepted to have several intense face-offs with Tyson’s character.

Directed by Wilson Yip, the film is tentatively scheduled for release in 3D in the first quarter of 2016.

Produced by Hong Kong-based Pegasus Motion Pictures, the film has a budget of $36 million.