In the original version, which rain from 2000-2008, two sets of neighbors swapped houses and were given 48 hours to completely transform a room with a $1,000 budget.
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EOnline reported that the first season was hosted by Alex McLeod. By the second season, Paige Davis took over until 2005, when the show aired without a host until TLC asked Davis to come back in 2008, when the show went off the air for good.
The Discovery Communications networks also announced it will be bringing back "Cash Cab" on the Discovery Channel, and last year THR reported the Science Channel was looking to revive "MythBusters."
Daniels said the “Trading Spaces” revamp will be on TLC in 2018.
The Cox Media Group National Content Desk contributed to this report.