LAS VEGAS -- Justin Allgaier has reached an agreement to drive in the Nationwide Series for Turner Motorsports, according to a source close to the situation.
Turner Motorsports, formerly Braun Racing, has scheduled a news conference for Friday at Texas Motor Speedway to announce its 2011 driver, sponsor and manufacturer lineup.
Allgaier, the 2009 Nationwide rookie of the year, currently is the highest ranked non-Sprint Cup driver in the Nationwide Series. He's in fourth place, driving the No. 12 car for Penske Racing.
Team owner Roger Penske said in June he planned to do everything to keep Allgaier, but with sponsor Verizon disappearing from his car, the driver was given permission to look for another ride.
Allgaier recently told ESPN.com he had been contacted by several organizations, including some with Sprint Cup possibilities, and hoped to have a decision soon.
"I've made a decision that I want to stay in this sport next year," Allgaier said three weeks ago at Charlotte. "Other than that it's not really up to me. It's frustrating in some aspects because there's not a whole lot available. Whatever happens at this point is going to happen."
David Newton covers NASCAR for ESPN.com. He can be reached at firstname.lastname@example.org.