Alex Lloyd will return to the Indianapolis 500 this year after Chip Ganassi Racing and Sam Schimdt Motorsports announced partnership to run the Briton in the event.

Lloyd, who won the Indy Lights title with Sam Schmidt back in 2007 will pilot the #99 Honda Dallara during the month of May, with the car being run by SSM with close assistance from Chip Ganassi's eponymous team - which has Lloyd signed to a development contract.

"There's just something about Indy that is so very special, and I got my first taste of that last season," Lloyd, who raced at Indianpolis with Rahal Letterman Racing last season, said. "You want to go there to watch a race, you want to go there to race, you want to go there to win. I am looking forward to being able to build on what I learned last year. I think this will be a great opportunity and I plan on making the most of it."

While Chip Ganassi admitted that the deal with SSM for the event was 'perfect' for driver he backs as one of the future stars of the series, Lloyd's former team boss Sam Schmidt said he was pleased to welcome his former charge back into his outfit.

"Alex is a great highlight in our team's history and remains the benchmark for drivers we evaluate today," he said. "He is a perfect example of what Firestone Indy Lights is trying to create in the stars of tomorrow. To have the opportunity to team up with him again, on such a big stage, is fantastic, and we're all very excited.

"Teaming with Chip Ganassi Racing, a team boasting the last two Indy 500 winners, gives us our best shot yet at drinking the milk come race day in Indianapolis. This is a tremendous opportunity for our team and our business partners."