The masterplan will create a vision for the next 25 years and help shape local investment for the future. The proposed plan will give a comprehensive overview for the entirety of the public park, including the 9 hectare Lake designed by Lancelot 'Capability' Brown in the 18th century.
LDA principal consultant Chris Laine said: "The Wimbledon Park and Lake Masterplan offers a real opportunity to enhance what is already a widely enjoyed outdoor space. We aim to secure the park's long-term future as a focus for recreation and valuable green space in Wimbledon.
"Working in close collaboration with Merton Council, and through consultation with local organisations and residents, we're confident the proposal will deliver a strategy that benefits the local area and highlights the park's considerable historic and ecological significance."
Merton's cabinet member for environmental sustainability and regeneration, Cllr Andrew Judge, said: "This will be a great opportunity for us to work with the local community and ensure residents and visitors to Merton are able to enjoy our beautiful park, and all that it has to offer, for generations to come."
Local organisations, residents and the wider community will be able to shape the final proposals through a public consultation programme which is expected to start in summer 2016.