With the development of power electronics converters (PECs), the thermal properties of high-power insulated-gate bipolar transistor (IGBT) module are of significant importance in the reliability analysis, thermal design, and management of PECs. However, the present commonly used three-dimensional (3-D) thermal network model and still has limitations in accurately obtaining the junction temperature of IGBT modules. Particularly under high-temperature conditions, its performance is not ideal. This article proposes a 3-D thermal network model considering the temperature effect of constituent materials, which has been efficiently obtained using four sets of finite-element method (FEM) transient thermal simulation. By employing a two-step parameter extraction (TPE) method, the thermal parameters including the conductance and capacitance of crucial nodes are fully identified based on the reconstruction matrix of virtual temperature. In addition, the identified parameters are proven to reflect the temperature effect of materials with significant physical implications, which have also been discussed under various boundary conditions, e.g., temperature and cooling. The proposed 3-D temperature-dependent thermal model has been validated through FEM simulation and experiments, which shows satisfying performance in predicting the thermal behaviors under the whole-temperature conditions with an error within 1.2%.