Lloyd (Craig Charles) meets Cheryl - played by soap newcomer Holly Quin-Ankrah - when she turns up for a drink with her old friend Leanne (Jane Danson).
Speaking to the ITV soap's official website, Corrie series editor Louise Sutton said: "[Lloyd] soon learns she's a lapdancer but, far from being put off, he falls head over heels in love with her as he becomes her regular taxi driver."
She continued: "However, she tries to keep him at arm's length and when we learn more about her troubled personal life, we realise Lloyd's putting his heart and his safety on the line for the woman he loves."
Speaking of her new role, Quin-Ankrah said: "I'm really happy to be joining Coronation Street. It feels great and it's been really exciting seeing the set and meeting the cast. It's pretty scary too when you're sat in The Rovers filming a scene with Ken and Deirdre sat next to you!"
Quin-Ankrah - whose previous screen credits include Grange Hill, Rock Rivals and Shameless - has already begun filming at the soap's home at Granada Studios in Manchester and will make her first appearance as Cheryl in April.