The range will feature the actress' favourite pieces from Kors' past collections.
She says, "Michael's clothes are gorgeous, staple, American classics that never go out of style. I thought it would be wonderful to reinvent some of my favourite vintage Michael Kors looks that I have kept for years, that I wear over and over."
Kors calls Paltrow, "chic, smart and busy", adding, "It's the perfect match for everything I believe style can be."
The new collection will be available via Paltrow's goop.com lifestyle website next month (Dec13).