The "Terminator" star, who served two terms as Governor of California, will front the show, on which stars battle against each other to form charity businesses, reported Entertainment Weekly.
"I have always been a huge fan of The Celebrity Apprentice and the way it showcases the challenges and triumphs of business and teamwork.
"I am thrilled to bring my experience to the boardroom and to continue to raise millions for charity. Let's get started!," the 68-year-old actor said in a statement.
Trump stepped down and cut ties with network bosses at NBC after declaring he was seeking the Republican nomination for President.
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