"BK All Day. That's the next one," Terry said Tuesday, according to the team's official Twitter account.
It will be unveiled on opening night, Terry told reporters at a team school event.
Terry's last two NBA-related tattoos made headlines.
Prior to the start of the 2010-11 season, Terry got a tattoo of the Larry O'Brien Trophy on his right biceps, and his Dallas Mavericks went on to win the title.
Terry then tried it again before the start of the 2012-13 campaign when he was with the Boston Celtics, this time getting the Larry O'Brien Trophy on his left arm, but the team was eliminated from the playoffs in the first round.
Terry told reporters Tuesday that he's keeping his Celtics tattoo.
"It means something to me. Being a Boston Celtic, that means something," Terry said, according to the New York Post.
Terry is fairly confident that will happen.
"We are going to kick butt and take names, and hopefully that's gonna end up in a championship," Terry told ESPN NewYork 98.7 FM that same day.
"I'm saying Deron Williams for MVP, with the pieces we have here."
Terry later said during the same interview: "There's something in the air here that says the Brooklyn Nets will be the NBA champions next year."
Terry wasn't buying it -- unless, of course, the title came in streetball.
"Maybe the Rucker Park Championship. I don't know, not the NBA championship. I don't see how they could guarantee that, at all," Terry told Dime Magazine. "I'm not buying it, so ... I mean, it's a bitter rivalry, you know it's going to be intense, and however they feel over there in that locker room they are guaranteed and entitled to feel that way but we don't want to see that happen on our watch."