Ledo, a 6-foot-6 wing, followed Kris Dunn and committed to play for the Friars on Monday.
Ledo, ranked No. 22 in the ESPNU Class of 2012, told ESPN.com he will sign with Providence after committing to the Friars under former coach Keno Davis. Ledo then de-committed and opened up his recruitment where there was initial interest from Kentucky and West Virginia before it came down to the Friars, Connecticut and Syracuse. But the odds always favored the hometown Friars.
"I grew up in Providence and it feels like the perfect fit," Ledo said. "I trust coach Cooley. He's one of the reasons that Providence can get back on top."
Cooley, who also grew up in Providence, got a commitment from Dunn out of New London (Conn.) High School. Dunn is ranked No. 2 among point guards in the class.
"That would be a great experience to play with him," Ledo said. "I can't wait."
But there is a chance Ledo may beat Dunn to campus. Ledo said he and his family are investigating all options at this juncture, even possibly getting to Providence by January.
Ledo said he still needs to take the SAT and he needs at least one more core course. He may choose the option of finishing up his work instead of going to Notre Dame Prep (Mass.) for a post-graduate year.
Ledo has been in high school for eight semesters at three different high schools, a red flag usually for the NCAA Eligibility Center to work on clearing a player.
The more likely scenario for Ledo is to join Dunn at the beginning of next season.
"I'm not sure what I'm going to do yet (this year) but we'll talk to my family and see what we can do," Ledo said.
Andy Katz is a senior writer for ESPN.com.