Turpie, who presented the television series between 1993 and 2005, passed away after a battle with cancer earlier this month.
The show's new host Larry Emdur told the Herald Sun: "During our first production meeting we all agreed we should dedicate the first episode to Ian Turpie.
"We'll begin with a special tribute to Turps. There's a whole generation of people who grew up watching Turps on The Price Is Right."
Emdur said of his new job: "I've always been madly in love with this show. Its sole purpose in life, the reason it exists, is to have fun and lots of it.
"When I was asked if I wanted to be involved in this new version, I think I was as excited as 20 showcase winners in an inflatable spa bath."
After Turpie died, Emdur wrote on his Twitter page: "So many jokes to tell, so many yarns to spin, so many game shows to host and never enough time.. RIP Ian "TURPS" Turpie, best Price host ever.
"I saw Turps a few years ago, he said people still yell "COME ON DOWN !!" to him every single day & it still made him smile."
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