The `Harry Potter` star is expected to study English at the well respected British university, enrolling in its Worcester College to start in October.
Emma had quit America`s Brown University in April saying she had trouble finding the time to commit to her studies while also carrying out her film, promotional and modelling work. She did, however, say she expected to enrol in another university to continue her education this autumn.
She wrote on her website: "Recently I`ve had so much to juggle that being a student AND fulfilling my other commitments has become a little impossible.
"I`ve decided to take a bit of time off to completely finish my work on `Harry Potter` and to focus on my other projects."
Emma has lived in Oxfordshire - where the university is based - since she was five, so may feel more at home at the university.
Earlier this month, she revealed another contributing factor in her decision to quit was she underestimated just how famous the `Harry Potter` films have made her.
The 21-year-old actress said: "I was in denial. I wanted to pretend I wasn`t as famous as I was. I was trying to seek out normality, but I kind of have to accept who I am, the position I`m in and what happened."
It is possible Emma could return to Brown University, in Providence, Rhode Island, to study in her third year, as it offers a transfer scheme which allows some students to study at Oxford for a year.
A spokesperson for Emma said: "No decisions have been made yet."