The wheeler dealer comic character will bring his own unique take on the show, which will apparently blend music, celebrities and Tibbs's own twist on the Jeremy Kyle Show format.
"Yeah we've got the Terry Tibbs chatshow, which is going to be a riot. That's going to be on Channel 4," Novak told Ask Men.
"He's going to have his own chatshow, and he's going to do a bit of signing, a bit of dancing. It's basically going to be a grand old Terry Tibbs time.
"We're going to do a Facejacker movie, as well. But I don't know what it's going to be about yet."
The one-off Terry Tibbs chatshow is expected to air in August on Channel 4 and if it's a success is likely to get a full series.
Watch a classic Terry Tibbs clip below: