The DJ and acid house pioneer will be hosting the event at an as-yet undisclosed venue this autumn.
"It's still in the planning stages," Rampling told Digital Spy.
"This event is a large-scale event for a couple of thousand people in London over three rooms of music with DJs who have contributed to the beginning of the scene, present day DJs and DJs of the future.
"Shoom was always about breaking down barriers and pushing new music and new ideas and forging new friendships, and that's what this event is about."
He added: "It's not just a trip down memory lane and a reunion. It's about how Shoom would be right now in the present as well.
"It's the past meets the present and the event's called Time For Love, which is again what the ethos of the original club was about.
"So many friendships were born in that club, people are still friends to this day. It's going to take place in October or November, in a warehouse in SE1 - that was the original home of Shoom."
Rampling said of acid house: "It's still going strong. It's been exported worldwide and the culture is still booming on the international scene at large.
"If you look at the success of David Guetta for example, very commercial, but his roots are in acid house, that's where he began.
"He came to Shoom and saw me DJ and that was it for him, that was his epiphany moment, he wanted to be a DJ like myself.
"Some years later he's filling stadiums with 100,000 people in them. That's the power of this music, it's a very positive musical form."
He continued: "It is there to be celebrated, and we have a very strong affinity and a huge amount of history here in what we've created here and pioneered.
"Taking music from America and then presenting it in a UK way and the fashion that followed and the whole music scene.
"It gave so many people opportunities to create a career in music and associated industries. That was the whole power and ethos behind it - it was a real DIY movement."
Of his time away from DJing, Rampling said: "I missed being behind the decks. I love music, that's my life. I came to that realisation after a couple of years of being away from it. I absolutely love it, it's what I do.
"It's what I do best, quite frankly. I'm glad to be back out on the road doing what I do - which is having a great time with people, entertaining them on the dancefloor and sharing that spirit through music."
Asked about being namechecked by The Streets on their 2002 hit 'Weak Become Heroes', he added: "I was quite touched by that actually. Coming from a young British artist, you had all these tracks with American namechecks on, and they always leave the British DJ off.
"Mike Skinner, bless him, I celebrate what he did there, because people talk about that to this day. The track is still played in clubs... obviously he was also captivated and touched by the spirit of acid house."