Penske said Logano has inked a multiyear deal.
"I am very excited to join Penske Racing and begin the next phase of my career," Logano said in a statement. "I am looking forward to the opportunity, as it will be an honor to drive for Roger Penske and race for wins and championships."
Joe Gibbs Racing announced earlier Tuesday Matt Kenseth would replace Logano as driver of the No. 20 Toyota for the 2013 Sprint Cup season.
Notable deaths of 2014 [PHOTOS]
Michael Sam cut from the Dallas Cowboys