The commitment to Valspar, which is held in Palm Harbor, Florida, is somewhat surprising given that Woods, 42, has never played the event before.
He was, however, widely expected to be at Bay Hill for the Arnold Palmer Invitational, where he is an eight-times winner. It will be Woods' first start in the event since 2013.
Woods had the most encouraging result of his comeback at last week's Honda Classic where he earned a share of 12th place. It marked his best PGA Tour result since a tie for 10th at the 2015 Wyndham Championship.
Woods, who is ranked 389th in the world rankings, has said he needs more "tournament reps" to be ready for the Masters but eligibility issues will limit the number of events he can play between now and April.
The World Golf Championships-Dell Technologies Match Play event is held the week following the Arnold Palmer Invitational but Woods is not eligible as it consists of the world's top 64 players as of March 11.
The following week is the Houston Open, which is the final Masters tuneup, but Woods has never played the event or the week before the year's first major, which will be played at Augusta National from April 5-8.
(Reporting by Frank Pingue in Toronto; Editing by Toby Davis)
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