The Spanish teen drama will stay on the streaming platform for a third season.
The news of the renewal order comes just a month after the release of season two of "Elite," which dropped all eight episodes on September 6.
Cast member Ester Expósito, who plays Carla, announced the news via Netflix's Twitter on Friday, and added that season three has already finished filming.
Expósito's video also introduced two new actors, Leïti Sène and Sergio Momo, who will be joining the cast in the roles of Yeray and Malick.
Netflix's Twitter account See What's Next also posted a first look at their characters.
Spanish teen thriller "Elite" is set at Las Encinas, an exclusive private high school where three working-class students (played by Itzan Escamilla, Mina El Hammani and Miguel Herrán) enrol after their school collapses. As their lives become entangled with the wealthy students of Las Encinas, tensions come to a head with the murder of Marina Nunier Osana (María Pedraza).
The series also stars Miguel Bernardeau, Jaime Lorente, Álvaro Rico, Arón Piper, Ester Expósito, Omar Ayuso, Danna Paola, Jorge López, Claudia Salas and Georgina Amorós.
The series is produced by Zeta Audiovisual and creators Carlos Montero and Dario Madrona.
The third season is set to air in 2020.