The Channel 4 game show, hosted by Davina McCall, will welcome competitors at the Olympics and Paralympics, as well as other sportsman and stars during its Celebrity Games series this summer.
© Channel 4
David Flynn, creator of The Million Pound Drop Live, said: "In this summer of sport, celebrities will face the ultimate challenge as they try to break records and make lots of money against the toughest competitor of all – The Million Pound Drop."
As ever, viewers will be able to play along with a virtual £1m using the online game or with the newly-launched Million Pound Drop mobile app.
McCall is one of 12 celebrity Team GB ambassadors who will be promoting London 2012 in the run-up to the opening ceremony on July 27.
The former Big Brother host recently denied reports that she would present coverage of the Games for the BBC.
