Millionaire Hot Seat will see 18 episodes in a fast-paced version of the classic quiz show.
It will be presented by former Top Gear star Clarkson, who has fronted the show since 2018 after replacing former host Chris Tarrant.
Millionaire Hot Seat has aired in Australia since 2009 and had 15 high-rating series.
What are the rules of Millionaire Hot Seat?
The format of the show sees six players compete against the clock and one another as they answer questions in a bid to win big money.
Contestants queue for the hot seat, where one person at a time will face Clarkson.
They then have to answer questions on the Million Pound Money Ladder.
What does he do to hit the MEGA jackpot?#9MillionaireHotSeat | TODAY 5.00pm pic.twitter.com/p7qesRxhgS
— Millionaire Hot Seat (@9HotSeat_) January 31, 2017
Only correct answers allow the players to climb up the ladder and a wrong answer will kick them out of the game and decrease the top prize.
However, if a participant passes, they remain in the game and go to the back of the line for the hot seat, but they aren’t promised another turn.
The passed question is then given to the next player who must answer it correctly to stay.
Who is Jeremy Clarkson?
In another twist, only the top prize left on the ladder can be won and the player taking on the question has to get it right to take it home.
Katie Rawcliffe, director of entertainment & daytime commissioning at ITV, said: “Who Wants To Be A Millionaire has reached 18 million viewers on ITV so far this year alone.
“Commissioning a new spin off format to further capitalise on the brand’s success and popularity was a no brainer, especially with Millionaire Hot Seat already doing so well in other territories also.”
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Matthew Worthy, co-CEO of Stellify Media, said: “It is an honour to produce Millionaire for ITV.
“Millionaire Hot Seat is the main show’s cheeky younger sibling, and gives us more Jeremy, enjoying more money-ladder moments, but with a whole new tone, pace, and feel.”
Millionaire Hot Seat is set to hit UK screens in 2026, with filming to get underway this November.