Ip Man 3, the well anticipated movie starring Donnie Yen, is slated for release over the holidays, according to Jaynestars.

Synopsis and potential spoilers have been released to give moviegoer a 'heads up' on what to anticipate in the third installment of the Ip Man franchise.

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Donnie Yen reprises his role as the legendary Wing-Chun master Ip Man, who experienced struggles living in the late 1950 Hong Kong while protecting his loved ones at the same time.

Ip Man was the legendary martial arts master who instilled his teaching into another legendary martial arts master, Bruce Lee.

In the first movie, we are treated to Ip Man beating the Japanese general, drawing hope among the audience.

In the second movie, we witnessed Ip Man's opponents expand to another form of combat. At the end of the movie, Ip Man defeats the British boxer, portrayed by Darren Shahlavi.

The third installment of the franchise will cast former heavyweight boxing champion Mike Tyson as Ip Man's potential opponent.

Tyson initially asked his Chinese fans on Weibo about who was their best martial artist in world. Majority of his fans immediately named the Ip Man star. This enticed the former boxer into accepting a script from the 'Ip Man' movie producers, according to Movie News Guide.

The third movie follows Ip Man's life in Hong Kong, as he goes head to head with Sang Gor, a triad leader played by Patrick Tam.

Ip Man and his Wing-Chun students, join forces to protect their community against the triad.

It is eventually revealed that Sang Gor is simply following orders from an American businessman named Frank, who will be played by Tyson.

One of the anticipated fights in the third movie would be between Yen and Tyson, since the techniques of martial arts will be against East and West.

But the creators promised that this fight will end on a positive note.

Another feature of the film to watch out is Ip Man's scenes with Bruce Lee. Pegasus Motion Pictures revealed that they had a hard time looking for an actor who resembled Lee. They finally opted to resurrect the legendary artist through CGI.

Ip Man 3 will hit theaters on December 24.

TagsIp Man 3, synopsis, Spoilers, Ip Man 3, Mike Tyson, Hong Kong