Fox announced Tuesday it has given a straight-to-series order for the third television version of “Fantasy Island,” set to premiere this summer with 10 episodes.

Fox describes the latest version as “a modern semi-anthology series that delves into the `what if’ questions, both big and small, that keep us awake at night,” with each episode telling “emotional, provocative stories about people who walk in with a desire, but end up reborn to themselves through the magical realism of Fantasy Island.”

“In continuing to develop outside of the traditional broadcast cycle, we’ve been particularly focused on providing viewers with summer series that offer a true escape from everyday life, to be sure, now so more than ever,” said Fox President of Entertainment Michael Thorn.

“`Fantasy Island,’ is a beloved program, and the world (co-executive producers) Liz (Craft) and Sarah (Fain) have created for this contemporary adaptation is signature Fox and a perfect show for today’s times,” he said. “After all, who among us wouldn’t take a (safe) trip to Fantasy Island right now?”

Craft and Fain’s producing credits include “The Shield,” “Lie to Me” and “The 100.”

The original “Fantasy Island” aired on ABC from 1977-84 starring Ricardo Montalban as the mysterious Mr. Roarke, the enigmatic overseer of a mysterious island in the Pacific Ocean, where people from all walks of life could come and live out their fantasies.

A 13-episode revival aired on ABC in the 1998-99 season starring Malcolm McDowell as Roarke.

A supernatural horror film version was released in February, starring Michael Pena as Roarke.

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