Ireland and Everton goalkeeper Courtney Brosnan. Photo: Ben McShane/Sportsfile
The new Everton owners had intended to demolish the stadium ahead of their move to Bramley-Moor Dock this summer.
But they have since conducted a feasibility study about maintaining the stadium as a home for the women's team, and have now opted to continue operating the site.
With a capacity of 39,572, Goodison Park will now be the largest dedicated women's football stadium in the country.
Everton's have played at Walton Hall Park since 2020 but that only has a capacity of 2,200 and 500 seats.
The men’s team play their final game at Goodison against Southampton this weekend.
“This long-term vision reflects the club's commitment to investing in the women's game and ensuring that Goodison Park continues to play a vital role in both football and the community,” Everton said.
“The club's regeneration plans will retain Goodison Park's proud identity while giving Everton Women a world-class platform in the heart of Liverpool 4. For supporters, it offers the chance to be part of a new era in one of football's most iconic venues.
“The ambition is to create a team capable of challenging for honours - backed by high-quality facilities and a world-renowned home.”
The club's CEO Angus Kinnear added: “We know how treasured Goodison is, not only to every Evertonian, but to the game itself, and being able to keep such an iconic stadium at the heart of the legacy project is something that has been incredibly important to us.”