Season 3 took the excitement to a new level with high-stakes action, emotional drama, and shocking betrayals. The final episode left fans with more questions than answers. What really happened in the Vatican? Did Assane kill Pellegrini? What’s next for our gentleman thief?

In this blog, we’ve got the full Lupin ending explained — covering key events, character fates, theories, and what we can expect in Season 4.

If you enjoy dissecting big emotional finales, check out our own Attack on Titan anime ending explained.

Spoiler-Light Recap of Season 3

Before diving into the ending, here’s a quick look at what led us here.

Assane Diop spends Season 3 continuing his mission to destroy the corrupt Pellegrini family. He teams up with a CIA agent, outsmarts French police, and tries to protect the people he loves. Along the way, he faces betrayals, near-death moments, and a dangerous rescue operation.

The season includes a shocking bus ambush, political conspiracies, and a kidnapping that puts Assane’s best friend Benjamin in grave danger. As tensions rise, Assane is forced to plan his most daring con yet.

Major Plot Threads Before the Finale

To better understand the Lupin ending explained, here are the most important storylines leading to the final episode:

• Assane’s Final Plan: He targets Hubert Pellegrini by digging into his hidden wealth and criminal connections.
  
  
• Betrayal of Dumont: Detective Dumont turns on Assane again, putting the entire mission at risk.
  
  
• Family Pressure: Raoul and Benjamin are caught in the crossfire, pushing Assane to make personal sacrifices.
  
  

Everything builds up to one last heist — and a twist no one saw coming.

Lupin Ending Explained – Final Episode Breakdown

Now let’s get into the full Lupin ending explained, scene by scene.

The Vatican Heist

Assane pulls off his boldest con yet inside the Vatican. Disguised as a religious historian, he breaks into the Pope’s private archives to access secret financial documents linked to Pellegrini. The location is symbolic — a place of secrets, power, and judgment.

The Catacombs Showdown

Assane lures Pellegrini into the underground catacombs. A tense standoff takes place. There’s a gunshot — and we’re led to believe Pellegrini is dead.

But Assane has something else in mind.

The Funeral Twist

Soon after, a fake funeral is staged for Pellegrini. It seems like Assane is wrapping up his mission. But in a stunning final twist, we learn that Pellegrini is still alive. Injured, angry, and even more dangerous, he escapes into the shadows.

Final Scene

The season ends with a close-up of Pellegrini’s eyes as he opens them. Watching from a distance is Assane — calm, in control, and clearly not done yet.

That’s the Lupin ending explained — a mix of trickery, revenge, and setup for future chaos.

Where the Characters End Up

Let’s break down where everyone stands after the Season 3 finale:

• Assane Diop: He survives and succeeds in his mission but remains a fugitive. He’s tired, emotionally scarred, but not defeated.
  
  
• Hubert Pellegrini: Shot and presumed dead, but alive and more dangerous than ever.
  
  
• Benjamin: Safe for now, but his connection to Assane still puts him at risk.
  
  
• Raoul: Out of immediate danger, though Assane’s enemies may use him in the future.
  
  
• Juliette Pellegrini: Banished from her family’s inner circle. Her future remains unclear.
  
  
• Inspector Guedira: Suspended from duty, possibly working in the shadows now.
  
  

The ending leaves all characters at a crossroads.

What the Gunshot Really Means

There’s been plenty of debate about the gunshot in the catacombs. Here’s what it could mean:

• Theory 1: Assane shot Pellegrini to stage his death, giving himself a clean escape while putting Pellegrini out of sight.
  
  
• Theory 2: Assane tried to kill him, but Pellegrini survived, setting up a dangerous future.
  
  

Either way, the gunshot is key to the Lupin ending explained — a calculated move that allows the game to continue.

Themes in the Lupin Season 3 Ending

The final episode explores deep themes that reflect Assane’s journey:

• Power vs Justice: Assane fights elites like Pellegrini who abuse their power without consequences.
  
  
• Family and Loyalty: Protecting Raoul and Benjamin becomes Assane’s true mission.
  
  
• Deception as Survival: Assane’s greatest strength is his ability to lie, trick, and vanish — but it’s also his greatest burden.
  
  

These themes give weight to the Lupin ending explained, showing that the story is about much more than clever heists.

Hidden Clues and Easter Eggs

Season 3’s ending includes several hidden details:

• Vatican Imagery: A nod to secrets, sins, and absolution.
  
  
• Assane’s Ring: A reference to his old disguises, hinting that he’s always ten steps ahead.
  
  
• Biblical Symbolism: The number of guards, the setting, and even the “resurrection” of Pellegrini all carry subtle biblical undertones.
  
  

These details give fans more to uncover on repeat viewings.

Fan Reactions and Theories

The internet is full of wild theories after the finale. Here are some of the most talked-about ones:

1. Will Assane go underground permanently?

2. Is Guedira planning his own secret mission to take down Pellegrini?

3. Will Benjamin be targeted again?

Fans loved the bold setting of the Vatican heist and called it the best con of the series so far. The Lupin ending explained in online discussions often points to a darker, more personal future in Season 4.

What to Expect in Lupin Season 4

Here’s what Season 4 might bring:

• Pellegrini’s Revenge: Now that he’s survived, he’ll come back harder.
  
  
• New Cons: With fewer allies, Assane will need fresh strategies and help from unexpected places.
  
  
• Global Stakes: The show may expand beyond France as Assane runs further.
  
  
• Emotional Conflict: Assane’s personal life will clash more with his criminal identity.
  
  

The ending clearly sets up a more intense, dangerous journey ahead — and fans are ready.

Prefer shorter but just as impactful stories? Our Poison ending explained breaks down how narrative tension can thrive in under 20 minutes.

Lupin Ending Explained – Final Thoughts

Season 3 delivered a powerful, emotional finale full of twists and layered storytelling. The Vatican heist, the staged funeral, and Pellegrini’s survival all showcase how smart and stylish the show remains.

The Lupin ending explained shows us that Assane’s mission is far from over. With enemies growing and allies fading, he’s entering a new phase — darker, riskier, and more personal.

This isn’t just a crime series. It’s a character-driven drama wrapped in mystery and elegance.

You can stream all three seasons on Netflix’s official Lupin page.

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FAQs – Lupin Ending Explained

Did Assane really shoot Pellegrini?
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Yes, but it’s unclear whether he meant to kill him or just injure him for the escape plan.

Is Pellegrini alive at the end?
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Yes. Despite the gunshot and staged funeral, he survives and escapes.

What happens to Assane’s son Raoul?
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Raoul is safe by the end of Season 3 but may be targeted in the future.

Will there be a Season 4 of Lupin?
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Yes, Netflix has confirmed Season 4 is in development.

What’s next for Inspector Guedira?
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After being suspended, he may go rogue or team up secretly with Assane.

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