He will replace late pal Cilla Black on the show which is returning to TV over a decade since it last aired on ITV.
"Blind Date is the original dating show and it’s huge news to bring it back," a source told The Sun previously. "It’s a classic format that will be rebooted to make it young, sexy and modern. Expect sparks to fly.
“In an age of Tinder, you have got to earn the right to love on this show.”
Paul said today: "Blind Date is an incredibly special family show which brought laughter, tears and joy to TV viewers throughout out the land.
"I am honoured to present the brand new series and after speaking to Channel 5, I know the series is in safe hands. I can't wait to see if we can find love."
Ben Frow, Director of Programmes for Channel 5, added: "The reaction to the news that Blind Date is returning has been phenomenal and demonstrated the depth of love and affection for the nation's favourite dating show.
"Paul is the perfect choice to bridge the old and the new, capturing the essence and charm of a series that became staple Saturday night family viewing in living rooms up and down country, whilst attracting and appealing to a whole new generation of TV viewers."
The show will air in the summer on Channel 5 alongside Big Brother and Celebrity Big Brother.