The actor, who plays Weatherfield mechanic Kevin Webster, is accused of 19 offences including raping a child, indecently assaulting a child and sexual activity with a child.
Le Vell said in a statement released this afternoon (February 15): "I would like to make it quite clear that following the serious allegations that have been brought against me on Thursday, February 14, 2013, I am innocent of these charges and intend to fight them vigorously.
"I will now put all my efforts into clearing my name and proving my innocence. I thank my friends, family and fans for their continued support. I would ask now for time to concentrate on preparing my defence with my legal team."
ITV has confirmed that Le Vell will not appear in any further episodes of Coronation Street while legal proceedings continue.
A spokesperson for the broadcaster said earlier today: "Given the serious nature of these charges, Michael Le Vell will not be appearing in Coronation Street pending the outcome of legal proceedings. It would not be appropriate for us to comment further at this time."
Le Vell is scheduled to appear at Manchester Magistrates' Court on Wednesday, February 27.
He was previously arrested and questioned over the alleged child offences in September 2011, but the matter was later dropped.