Frasier aired all over the globe between 1993 and 2004 and has won 37 Emmy Awards.
CBS Studios president David Stapf said "there has long been a call from fans for its return, and that call is now answered".
Frasier was a spinoff series from Cheers, where Dr Frasier Crane was one of the characters.
The show followed his life and his relationships with his father, brother and his housekeeper, among other key characters.
Frasier is not the first 90s show to be making a comeback in 2021. Earlier in the year, it was announced a Sex and the City reboot is also in the works.