Rupert Murdoch has been invited to re-appear before the Commons Culture Media and Sport committee.
It comes after a tape recording emerged of him apparently telling journalists he regretted the level of co-operation given by News UK - formerly News International - to the investigation into phone hacking and illegal payments.
No date has yet been agreed, but it is not expected to be until the autumn.
The boss of News Corp - which part-owns BSkyB, the owners of Sky News - appeared before MPs in July 2011.
The news came as Scotland Yard said it will "fully assess" the contents of the tape recording of his comments in a meeting with News International journalists.
Critics have insisted the tape showed Mr Murdoch's real attitude to the crises that have engulfed his empire, in contrast to the contrition he displayed when giving evidence to the committee two years ago.
Mr Murdoch was recorded describing the treatment of journalists who had been arrested as a "disgrace" and suggesting that he regretted the extent to which the company had co-operated with the investigation.
The audio, obtained by the Exaro investigative website and broadcast by Channel 4 News, was said to have been made during a meeting with journalists from The Sun at his British newspapers' headquarters in Wapping, east London, in March.
Mr Murdoch is heard railing at the way the police behaved.
"Still, I mean, it's a disgrace. Here we are, two years later, and the cops are totally incompetent," he said.
"The idea that the cops then started coming after you, kick you out of bed, and your families, at six in the morning, is unbelievable.
"But why are the police behaving in this way? It's the biggest inquiry ever, over next to nothing.
"And now they're arresting their own, who never even took money... They're going to put all newspapers out of business."
When one of the journalists present questioned why so much material had been handed over to the police by News Corp's management and standards committee (MSC), Mr Murdoch indicated that he believed they had gone too far.
"Because - it was a mistake, I think. But, in that atmosphere, at that time, we said, 'Look, we are an open book, we will show you everything'. And the lawyers just got rich going through millions of emails," he said.
He added: "All I can say is, for the last several months, we have told, the MSC has told, and (name withheld), who's a terrific lawyer, has told the police, has said 'No, no, no - get a court order. Deal with that'."
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