The King of Fighters Memorial Level 3 is the third installment of the KOF Memorial series by Zelgadis. The game announced and went into production after the release of the second KOF Memorial.
In terms plot, the game don't have a story and was developed as a "dream match" for characters from all previous King of Fighters Memorial games is similar to The King of Fighters '98 and The King of Fighters 2002. Very little information has been revealed on it at this point, and the only confirmed for the game are Yukino Ozawa, Sula, Asuka, Flamme, Fliz, Nao, Khriz, Evil Ash, Zodiac, O. Element and D. G. Rugal.