16/10/2017 8:33 PM AEDT | Updated 16/10/2017 11:17 PM AEDT

Lisa Wilkinson Announces Shock Departure From 'Today' Show

She will be taking on a hosting role with Channel Ten's 'The Project'

Twitter/The Project TV
Lisa Wilkinson is moving to Channel Ten to host 'The Project'.

Lisa Wilkinson is leaving Channel Nine's breakfast television program the 'Today' show to take up a hosting role with Channel Ten's 'The Project'.

In a statement from Nine posted to Twitter on Monday night, Editor at large of HuffPost Australia Wilkinson confirmed that her appearance on Monday morning's edition of the show was her last due to a disagreement in contract negotiations.

"Nine today confirmed we have been unable to meet the expectations of Lisa Wilkinson and her manager on a contract renewal for a further period," the statement from Nine said.

"We express our gratitude to Lisa for her 10 years with the Today Show and are disappointed we find ourselves in this position.

"Nine will be going in another direction and will be considering our options in the coming weeks and months."

In a separate statement, Channel Ten then confirmed that Wilkinson will be moving to its nightly current affairs panel show 'The Project' to join hosts Carrie Bickmore, Waleed Aly and Peter Helliar.

"Network Ten is delighted to announce that Lisa Wilkinson is joining the network in a senior hosting and editorial role, effective January 2018," the statement said.

"Further collaborations between Lisa and Network Ten will be announced in the coming months."

As part of the new role, Wilkinson will join 'The Project's nightly panel -- which has recently been extended from five to six nights per week -- as well as hosting the program's weekend edition, 'The Sunday Project'.

"Lisa Wilkinson is one of the most respected journalists and television presenters in Australia and we are thrilled that she has agreed to join Network Ten's fantastic stable of on-air talent," Network Ten Chief Content Officer, Beverley McGarvey, said.

"In a career that has spanned magazines, radio, television and digital media, Lisa has established her credentials as a leading figure in the Australian media industry.

"She has a great connection to the Australian public and a reputation that is second to none. We are proud that she has agreed to join the acclaimed team at The Project and The Sunday Project."

The 57-year-old Australian media personality also took the opportunity to send her thanks to her co-host of 10 years Karl Stefanovic, fellow hosts, program staff and the show's audience for contributing "to the incredible success of the show over the years".