The streaming service shared an update about the Spanish-language drama series Friday on Twitter.
Netflix announced the news alongside a photo of Guzmán (Miguel Bernardeau) and his classmates in uniform.
“#Elite Season 3 premieres March 2020,” the post reads.
Season 3 will feature two new cast members, Leïti Sène and Sergio Momo.
Elite follows students at a fictional exclusive private school, Las Encinas. The show debuted in October 2018 and returned for a second season in September.