According to Deadline, the new show will feature 16 chefs from the UK and US, battling it out for a $100,000 cash prize.
Contestants will be given no money and few resources as they race cross country from Los Angeles to New York.
MasterChef star Richard Corrigan will judge the hopefuls, while Food Network personality Claire Robinson is set to host.
Oliver is producing the reality series via his Fresh One production company, along with The Amazing Race's Amy Chacon and Undercover Boss's Stef Wagstaffe.
His cooking show 30-Minute Meals also recently premiered on BBC America.
Watch Jamie Oliver in 30-Minute Meals below: