The producer, model and television host is set to executive produce the as-yet untitled series, which is set to debut in 2015.
"The fire to inspire women and help them to blaze new paths fiercely burns inside of me," Banks said in a statement. "I'm excited to be partnering with Disney-ABC to usher in a new era of lifestyle, beauty and entertainment that will inspire women to be the CEO of their lives via honesty, humor and the newest tips and tricks without being intimidating or precious. To my fierce fam of future viewers: I can't wait to shake up daytime TV together. I have a lot of information to give and still lots to learn. Let's do it!"
The show will be shot in Los Angeles and will be produced with Disney-ABC's Summerdale Productions.
"With an extraordinary social media following and legions of fans built over her years on television, Tyra is more relevant than ever," said Lisa Hackner, executive vp of daytime and syndicated programming, ABC Entertainment Group. "She is the ideal personality to infuse lifestyle content with fresh energy, humor, and the practical information the daytime audience craves."
The Tyra Banks Show ended in 2010 after a five-year run.
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