The announcement was made Monday by Bela Bajaria, executive vice president of Universal Television.
"Ricky is an iconic superstar who is as talented as he is popular," Bajaria said in a statement. "Whether he's performing before sold-out concert crowds, or starring on Broadway, where he is currently playing to standing-room only in 'Evita,' Ricky connects with his audience in a very palpable way -- and we are thrilled that he will be adding TV star to his incredible resume."
The Grammy Award winner is a former member of the Latino pop group Menudo and successful solo artist who has acted on TV's "General Hospital" and in Broadway's "Les Miserables."
Notable deaths of 2014 [PHOTOS]