The 42-year-old actress set up the website in 2008 to help readers "save time, simplify and feel inspired", with travel advice, recipes and style advice.
Gwyneth Paltrow established Goop in 2008
Since then, designers such as Michael Kors, Stella McCartney and Matthew Williamson have teamed up with Gwyneth to create capsule collections for Goop, however this will be the first time that the Iron Man 3 star is launching her own Goop-branded pieces.
While there are yet to be specific details of what the collection will entail, it has been revealed that it will feature an assortment of wardrobe staples, before eventually growing to include home and beauty products.
"We've seen the mistakes out there," said the company's CEO Lisa Gersh. "We'll take small steps."
While Goop is primarily a lifestyle website, Gwyneth has also used it as a platform to keep fans updated on what she's up to, and earlier this year announced her 'conscious uncoupling' from Coldplay singer Chris Martin there.
Despite reports that her estranged husband is now dating Jennifer Lawrence, Gwyneth recently wowed during a trip to the theatre in a black top and mid-length lace skirt combo, for the opening night of her mother Blythe Danner's play The Country House.