The University says it intends to be open to all students for the 2020/21 academic year.
The idea is for face-to-face teaching and research supervision at Oxford to be complemented by high quality online activities, according to the University.
It says those lectures would be drawing on the 'exceptionally rich resources available through our colleges, laboratories, libraries and collections.'
The announcement comes after Cambridge University revealed there will be no face-to-face lectures over the course of the next academic year due to coronavirus.
But classes will be available to Cambridge students online - and "it may be possible to host smaller teaching groups in person" if they meet social distancing requirements.
Campuses across the UK have been closed this term because of the coronavirus outbreak.
Since the start of lockdown, all libraries and museums at Oxford have been closed, non-essential staff have been working from home and students were asked to leave the University, unless they have a compelling reason to stay.
All teaching, learning and assessments at Oxford are being conducted remotely, but the University says it looks forward to welcoming new and returning students from the start of Michaelmas term (Oct 2020)
The University says that - moving forward - the emphasis for undergraduate and taught graduate courses will be on 'small-group teaching by leading academics.'
It also said that it will supplement its 'highly personalised teaching approach with high quality remote learning which enhances the quality of our students' experience.'
Oxford is continuing to follow government updates closely, and says it will adjust its contingencies accordingly.
In a statement to students, Pro-Vice-Chancellor for Education, Professor Martin Williams, added that the safety and wellbeing of all students and staff remains 'at the heart of our response to this unprecedented situation.'