Joey Logano has reached an agreement to drive for Penske Racing next year, ESPN.com reported Monday.

Logano will drive the No. 22 Ford, or a third car, for Penske, and an announcement of the addition of Logano could come on Tuesday, according to the report.

Matt Kenseth, who announced in June he will part ways with Roush Fenway Racing at the end of the 2012 season, will replace Logano in the No. 20 Toyota, sources told ESPN.com.

Joe Gibbs Racing is expected to announce the Kenseth deal at a news conference Tuesday.

JGR president J.D. Gibbs said last week he was hoping to re-sign Logano, who has spent his entire NASCAR career with Gibbs. But apparently he was unable to do so.