The pro performer will follow in the footsteps of her husband James Jordan and leave the BBC One series at the end of the year.
This series saw Ola partnered with sportstar Iwan Thomas but they became the first celebrity couple to be eliminated from the competition back in October.
Ola will continue to appear in the group dances but won't be back for next year's run.
She tweeted: "yes it's true. I will be leaving Strictly at the end of this series. I have had an amazing 10 years on the show, but things change and I feel it's time for me to move onto other things.
"I love Strictly and have met some amazing people and made some great friends who I will miss massively I am so grateful to the show for what it has given me."
The Daily Mirror has reported today (Sunday) that a Playboy shoot could be one of Ola's next moves.
A source told the newspaper: “Ola is absolutely stunning, and has a massive following in the UK so it’s no surprise Playboy is be keen to get her.
“She looks fantastic on camera – and has a great personality and the sort of confidence it takes to really shine on a shoot – they know it’s about much more than being beautiful but Ola has got what it takes.”
Speaking about her future plans to The Sun newspaper, Ola said this weekend: "I’ve been offered loads of incredible opportunities, including a tour with Arlene Phillips.
“I’m really excited about what the future holds.”
For now, Strictly continues both Saturday and Sunday nights on BBC One.