The E4 drama has been given the go-ahead to begin work on new episodes, according to Broadcast.
Misfits follows a group of young people in community service who are coping with the problems which come with having superpowers.
The third series - which saw Joe Gilgun join the show to replace departing cast member Robert Sheehan - will conclude on Sunday night.
Matthew McNulty, who first appeared in last year's Christmas special as Seth, has also become a recurring star in the show.
The news comes after reports in October that Gossip Girl and The O.C. creator Josh Schwartz is developing an American remake of Misfits.
The third series of Misfits will conclude on Sunday at 10pm on E4.
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