Tournament organisers have confirmed that the world No 1 and Phil Mickelson will be teeing up at the San Diego venue, where Woods has enjoyed phenomenal success in his career.
Woods became the first player in PGA Tour history to win eight titles at the same venue last year, winning the event for the seventh time in addition to his memorable US Open victory in 2008.
The 38-year-old has won on five of his last six visits to the south California layout, while his epic play-off win over Rocco Mediate five years ago remains his last major championship triumph.
Woods won five times on the PGA Tour last year to take his career tally to 79 – just three behind the all-time record of Sam Snead.
The 14-time major champion will defend his title at the end of the month before heading to the United Arab Emirates to play in the European Tour’s Dubai Desert Classic.
Local resident Mickelson was victorious at Torry Pines way back in 1993 and has lifted the title three times overall, and this year’s event will also mark his first start of 2014.
Woods took control of last year’s tournament with a second-round 65 as he cruised to a four-shot win over Brandt Snedeker and Josh Teater, while Mickelson failed to break 70 and finished 14 shots off the pace.
Watch Tiger Woods go for a ninth victory at Torrey Pines. LIVE coverage of the Farmers Insurance Open starts at 8pm on Thursday, January 23 on Sky Sports 4