^[1][Update at bottom of story]

Joey Logano has reached a deal to drive Penske Racing’s No. 22 Sprint Cup Series entry in 2013, according to ESPN.com ^[2], which is citing an unnamed source.

Logano is being replaced by Matt Kenseth, who will take over driving duties of the No. 20 Home Depot Toyota ^[3] at Joe Gibbs Racing. Kenseth, who is leaving Roush Fenway Racing’s No. 17 team ^[4] at season’s end, will be replaced by Nationwide Series defending champion Ricky Stenhouse Jr.

JGR had hoped to re-sign Logano and keep him in a fourth Cup entry, but that was dependent on sponsorship and it appears that nothing ever materialized.

Sam Hornish has been driving Penske’s No. 22 since AJ Allmendinger was suspended ^[5] and subsequently released ^[6] for failing a random drug test ^[7].

Update: It’s official: Penske Racing has announced ^[8] that Joey Logano will drive the team’s No. 22 Ford in the Sprint Cup Series in 2013. Logano agreed to a “multi-year” deal with Penske.

Logano said:

I am very excited to join Penske Racing and begin the next phase of my career. I am looking forward to the opportunity as it will be an honor to drive for Roger Penske and race for wins and championships. I am also proud to represent Shell-Pennzoil as they are a respected global brand that does a great job of activating in the sport on and off the track.

Penske Racing President Tim Cindric added:

Joey Logano is a very talented driver who has already achieved a lot of success at a young age. Joey is a great fit for our organization and we look forward to building on his success as he takes his place behind the wheel of the No. 22 Shell-Pennzoil Ford.

Related Stories

• Kenseth To Join Joe Gibbs Racing In 2013? ^[3]
• Penske Racing Hopes To Name Driver Next Month ^[9]
• Logano Mulling Two Full Time Cup Offers ^[10]
• Penske Racing Releases Allmendinger ^[6]
• Allmendinger Suspended For Failing Drug Test ^[7]
• Kenseth Leaving RFR; Stenhouse To Cup In 2013 ^[4]