Like the BBC drama, the Netflix show is steeped in crime - well actually, supernatural crime - features a gang, kind-of-like the Shelbys, and is set in Victorian London, just before WWI.
Netflix says of the show: "The series follows a gang of troubled delinquent teens who are manipulated into solving crimes for the sinister Doctor Watson and his mysterious business partner.
"As the crimes take on a horrifying supernatural edge and a dark power emerges, it'll be up to the Irregulars to come together to save London, each other, and potentially the entire world."
Currently in production in Liverpool, the series sees Us actor Thaddea Graham play Bea; Darci Shaw as Jessie; Jojo Marcari as Billy; McKell David as Spike and Harrison Osterfield as Leopold.
Other cast members confirmed include Henry Lloyd-Hughes as Sherlock; Clarke Peters as Linen Man and Line of Duty's Royce Pierreson as "sinister" Doctor Watson.
The series is written, and executive produced by Tom Bidwell. Meanwhile, Jude Liknaitzky and Greg Brenman, who produce Peaky Blinders, have also come onboard as executive producers.
At the helm of filming is lead director Johnny Kenton who will share his director's chair with Joss Agnew and Weronika Tofilska.
Despite the exciting news, the show nor the streaming service have yet to announce a release date so we'll just have to exercise our patience until then.
Until we know more, we think BBC's A Christmas Carol, which airs next week, will fill the Peaky Blinders-shaped hole in our hearts.
Written by Stephen Knight, who also worked on Peaky Blinders, it's no wonder the teaser for the three-part Charles Dickens re-imagination is so mystical and eery.
Executive produced by actor Tom Hardy - who is all too familiar with dark BBC dramas having played Peaky's Alfie Solomons - A Christmas Carol is described as "haunting, hallucinatory, spine-tingling immersion into Scrooge's dark night of the soul."
It also stars some heart-throbs at its helm, with Hollywood actor Guy Pearce taking on Ebenezer Scrooge while Taylor Swift's boyfriend Joe Alwyn will play Bob Cratchit.
A Christmas Carol begins on December 22 on BBC One at 9pm and runs for three nights on the channel.