According to Kotaku, the information was first revealed during a musical event hosted by Square Enix.
The trailer did not make it clear whether this release date will be for just the first episode of the game, or if Square has made a decision to release the remake in full, rather than the previously announced episodic plan.
This is being held by Square Enix early on Tuesday morning in the United Kingdom and can be watched via YouTube.
It's only take nine billion years, but a release date for the long-anticipated Final Fantasy VII Remake was finally announced at E3.More news: Ali Stroker makes Tonys history with win
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In 2015 it was announced that the remake of Final Fantasy VII was in development with original artist Tetsuya Nomura working as the director.
Alongside the release date announcement, Square Enix has unveiled a new trailer that shows more combat from the game starring Cloud and Barret alongside series icons Aerith and Sephiroth.
Final Fantasy VII Remake was first introduced as a tech demo, played all the way back at E3 2005 to show off what the iconic RPG would look like on the PlayStation 3. Cloud Strife, a former member of Shinra's elite SOLDIER unit now turned mercenary, lends his aid to the group, unaware of the epic adventures that await him.