It was followed by Tekken Tag Tournament in 1999. Since its release, Tekken 3 has been cited as one of the greatest video games of all time.

The game was a major hit for both arcades and consoles, selling 35,000 arcade units and 8.36 million PlayStation copies worldwide, making Tekken 3 the fifth best-selling PlayStation game. The home version includes a new beat 'em up mode called Tekken Force, and the bonus Tekken Ball mode. Tekken 3 features a largely new cast of characters, including the debut of several now-staple characters such as Jin Kazama, Ling Xiaoyu, Bryan Fury, Eddy Gordo, Hwoarang, Forest Law and Julia Chang, with a total of twenty-three characters. The game was also re-released as part of Sony's PlayStation Classic. The arcade version of the game was released in 2005 for the PlayStation 2 as part of Tekken 5 's Arcade History mode. It was released to the arcades in 1997, before being ported to the PlayStation in 1998. Tekken 3 ( 鉄拳3) is a fighting game, the third entry in the Tekken series after Tekken and Tekken 2.