The daytime show is to go before the cameras starting July 9 in Los Angeles with comedian Wayne Brady returning as host.
New episodes are to start airing in September, the network said.
The original "Let's Make a Deal" was an enormous hit when Monty Hall served as host from 1963-1977.
While later versions aired in syndication and prime time, the game show is best remembered for the years hosted by Hall, who serves as a creative consultant on this latest version, CBS noted.
Swim Week Miami Beach 2014 [PHOTOS]