Set for release next year, the game will include Diablo 3 and upcoming expansion Reaper of Souls.
Diablo 3 launched on PC in May 2012 and on PS3 and Xbox 360 in September 2013. Lifetime Diablo 3 sales across all platforms have now reached 14 million units.
"We're pleased with the response to the game's launch on PS3 and Xbox 360," Blizzard boss Mike Morhaime told investors last week.
"Reviews have been very positive about how the game plays on console. Much of the praise has been centred on changes we made to the loot system and our decision to keep the auction house off of the console platform.
"Players and critics alike have noted that these changes have resulted in a more fun and satisfying game experience," he added. "That reaction factored in our decision to remove the auction houses from the PC version of Diablo 3 effective next March, which players have also responded very positively to.
"We're building upon those design philosophies for loot and incorporating them into Reaper of Souls."