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The 21-year-old said he would drive for the ART Formula Three team.
The 20-year-old Correa suffered a spinal injury and broken legs in the crash that took place at Spa, in Belgium during the Grand Prix on August 31 in which French driver French driver Anthoine Hubert was killed.
The Quito born racer was travelling at 170 mph (270 kph) at the Spa-Francorchamps circuit in Belgium on August 31 when a collision with Hubert's car left Correa needing an initial four hours of surgery at Liege hospital.
Correa suffered a spinal injury and fractured his legs in last Saturday's horrific crash during the support race for the Belgian Formula One Grand Prix at Spa-Francorchamps.
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