Discussions between the two leagues ramped up after the recent decision from AFL Victoria to scrap the Community Championships system, which has opened the door for the potential Ash-Wilson Trophy battle.
It will be just the third time in a decade the two country league heavyweights will have squared off in representative football and netball.
And it will see the return of the GVL netball interleague squad playing the same opponents as its football counterparts, after this year's interleague opponent Western Region Football League did not field a netball side.
GVL operations manager Grant Wilson said the league was excited at the chance to continue showcasing the best talent on offer against old rivals Ovens and Murray.
“Definitely, the GVL wants to be involved in representative football and netball and it made sense to continue that against Ovens and Murray,” he said.
“We're really looking forward to getting the rivalry back up and running again.
“And it's really exciting to have netball back in, it's going to be great to have everyone together.”
There are plans for four teams from each league, with senior and under-18s football sides and open and 17-and-under netball sides.
Wilson revealed the location and date of the interleague battle had been discussed between the parties.
While a date on either May 16 or 23 next year was still to be decided, Wilson could confirm which side would wear the home shorts.
And, after four years in the wilderness, the GVL interleague football and netball sides are set to play in front of a home crowd in the Goulburn Valley region.
“It will be a GVL home game, we played up there (Wodonga) last time in 2017 and Ovens and Murray are happy for us to host next year,” he said.
“It's been four years since a home interleague match, so it's going to be great to have a local game in the area.”
Before the Community Championships ranking system was introduced, the two neighbouring rivals often played each other each year in the country championships.
Wilson said Ovens and Murray "was the first option" when the league began planning its representative options for next season.
“There had been rumours of the championship ranking system being removed for next year for a while now,” he said.
“But when the announcement came the other day, we got in touch with them (Ovens and Murray) and they were keen to get something up and running next year.”
As reported in yesterday's News, AFL Goulburn Murray region general manager Jamie Macri had already thrown his hat in the ring in support of the GVL wanting to continue representative football and netball.
“AFL Victoria is encouraging leagues to continue playing if it’s relevant to their league and they want to participate,” Macri said.
“Say the GVL wanted to play the O and M, AFL Victoria would proudly support that to happen.”
The GVL has had a long involvement in interleague football, with a famous Winfield Country Football Championships win in 1978 - the year the side first defeated Ovens and Murray.
Ovens and Murray is the current holder of the Ash-Wilson Trophy after clinching a seven-point win in 2017.