The NFL said the draft site would utilize the AT&T Stadium field, stands and outdoor plazas, where the NFL Draft Experience festival would take place.
"Philadelphia raised the bar by taking the draft to another level, and this new opportunity in Dallas will enable us to continue the event's evolution and grow it even further," Goodell said at the NFL owners meetings in New York. "We are grateful to the Dallas Cowboys, the cities of Arlington, Dallas, and Frisco, and the Dallas Sports Commission for their leadership in turning this vision into reality."
Philadelphia had been in contention to again host the draft, while Green Bay and Kansas City were considered long shots.
The draft never has been held in Texas. A move there represents yet another venue for the event after a run from 1965 to 2014 in which the draft was held annually in New York City.
After two years in Chicago, the draft returned to Philadelphia earlier this year for the first time since 1961.