A PSX-only Fatal Fury released as a conversion of sorts to Real Bout Fatal Fury Special. The game uses the same engine and general mechanics of said arcade game, but takes place outside of the main storyline a la Street Fighter Alpha 3 and includes brand new and exclusive characters like a back from the dead Geese and a new end-game boss: White.

The gameplay is virtually identical to Real Bout Fatal Fury Special, except that the action is much faster, the super-combo system is somewhat simplified and the foreground/background system has been ditched. New to the series is the addition of cel-animated cutscenes that play during key moments, and the game also offers a 2 player mode and a series of extra features like galleries, a Fatal Fury encyclopedia and new moves when you complete the game under certain circumstances.