The show will return at 4.30pm on 2 March with revamped format reflecting “contemporary food themes” such as managing food waste and cooking on a budget.
Rylan Clark-Neal is taking over presenting duties from long-time host Ainsley Harriot, while chefs Mike Reid, Romy Gill, Akis Petretzikis, Ellis Barrie and Anna Haugh will be stepping in to the kitchen.
The series will run for five 45-minute episodes from Monday to Friday, according to The Mirror.
In each episode two contestants will be paired up with a chef, where they will face two different taste tests.
In the first challenge teams will be given just 20 minutes to create dishes from a bag of ingredients, all bought for £3.50 - £10.
A revamped second challenge will give each pair just 10 minutes to create a dish based on studio audience ingredients cards.
The casting vote will still be left to the audience, who will choose the overall winner using the famous red pepper or green tomato voting cards.
Clark-Neal, who made the final of Celebrity MasterChef in 2015, says: "I’m sure that the mix of new challenges, fantastic chefs and enthusiastic cooks will be a recipe for success, maybe with the odd disaster!”
The original Ready Steady Cook ran on the BBC for nearly 16 years between 1994 and 2010 and recorded nearly 2,000 episodes.