Originally planned as a Wii U launch title, the platform game will be available on all formats in early September. The Wii U version was previously listed for March 1.
"We heard from many Xbox and PlayStation owners and Rayman fans who told us they really wanted to play Rayman Legends on their current system," explained Ubisoft marketing manager Geoffroy Sardin.
"We decided to give the fans what they wanted while at the same time broadening the audience exposed to this innovative and memorable game."
The Xbox 360 and PS3 ports will be developed at Ubisoft Montpellier alongside the Wii U version.
Ubisoft officially unveiled the much-rumored title during its E3 press conference.
The game features new playable characters such as Murphy, who is controlled using the GamePad on the Wii U.
Players swipe the tablet's screen to control Murphy, using him to clear a path for Rayman to traverse and take out enemies.
A multi-platform release was rumored after Ubisoft failed to rule out Xbox 360 and PS3 support.
> Wii U hands-on with third-party titles: Zombi U, Rayman Legends, more
Watch the Rayman Legends E3 demo below: