Pryce will be the third and final actor to portray Prince Philip in the later stage of his life in The Crown.
In a statement, he said: “I am delighted to be working with Netflix again.
“The positive experience I had making The Two Popes has given me the confidence to tackle the daunting prospect of portraying Prince Philip.
“To be doing so with Peter Morgan in the company of Imelda and Lesley will be a joy.”
But it will be quite some time before fans get to see Pryce take on the iconic role.
Season four is expected to air later this year and series five may not be dropped on Netflix until 2022.
The Crown is available to watch on Netflix.