Giuliana Rancic and Bill Rancic

Giuliana and Bill Rancic are teaming up with Eva Longoria for a new NBC reality dating series Ready for Love, the network announced Wednesday. The Rancic's will co-host the series together, and Longoria will serve as executive producer.

Check out the rest of today's news

The show will follow three attractive, successful bachelors looking for love with the help of three matchmakers. The matchmakers will each select four women per bachelor, and at the end of each week, the men and their potential matches will watch the dates in front of a live audience. After receiving feedback from the matchmakers, women who don't make a connection with the guys will be sent home.

"This show is about making real connections and the ongoing search for love, something that both men and women can relate to," Longoria said in a statement. "I am excited to be a part of such an innovative and promising format that will help these great guys find true love."

Eva Longoria and Tony Parker's divorce finalized

At the end of the process, the three men will each select one woman and decide if they'll continue dating, or get engaged.

Giuliana and Bill Rancic were married in 2007 and currently star on Style Network's Giuliana & Bill. Longoria divorced basketball star Tony Parker in November 2011 after three years of marriage.