Sir Bradley Wiggins will reunite with Mark Cavendish to race at this year's Six Day London event in October.
Wiggins, who had previously suggested he would retire after this summer's Olympics in Rio, but has signed up to compete alongside Cavendish in what he calls "the double act everyone wants to see".
The pair teamed up to win Madison gold at the world track championships in March and will be back at the capital's Lee Valley VeloPark for the first time since that triumph.
Wiggins, who will be aiming for a fifth gold medal and British record eighth podium appearance if selected for Rio, said: "It's going to be great. This has got to be the double act everyone wants to see isn't it?
"Winning the Madison at the Worlds was incredible and this might well be the last chance that people get to see us together.
"I was gutted not to be able to ride it last year, but this year the timing just fits so I'm hoping it will be a great way to celebrate a successful fifth Olympic Games, back in London."
Sprint ace Cavendish added: "One of the first things I said to Brad after we won the Madison on the track in London was 'we have to do London Six Day together'.
"The Six Day experience is something else - the atmosphere will be right up there with the World Championships, the music's loud and the racing is brutal. It'll be great to team up with Brad again and we'll be going for the win.
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Sir Bradley Wiggins failed to sign off from Team Sky with a win at Paris-Roubaix as Germany's John Degenkolb triumphed in the gruelling 151-mile trek.
The 2012 Tour de France champion, who is quitting both Team Sky and the road in order to return to the track ahead of the Rio Olympics, was in contention for victory but faded near the finish to come home 18th.
Earlier in the race, several riders came close to being hit by a train as they raced over a rail crossing as a TGV approached.
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Britain's most decorated cyclist Sir Bradley Wiggins has officially received his knighthood from the Queen in a ceremony at Buckingham Palace.
Wiggins told ITV News he couldn't remember what the Queen said to him, as he was so nervous.
Sir Bradley Wiggins will receive his Knighthood for services to cycling today at an investiture ceremony at Buckingham Palace.
Speaking after being named in the New Year's Honours List, the cyclist said: "It's quite something really.
"I never imagined that I would ever become a knight so it's an incredible honour, but there's a slight element of disbelief, and it will take a while to sink in.
"There was never any doubt whether I'd accept it or not, it was more a case that I never saw myself as a Sir, and I probably never will.
"I don't like profiting from status so it's more for my family. It's nice for my parents and grandparents to be able to say I'm a knight, and for my kids in the future."
Sir Bradley Wiggins is to be formally awarded a Knighthood today at an investiture ceremony at Buckingham Palace.
It was announced in the New Year Honours list that Britain's most decorated cyclist was to receive the honour for services to cycling following his Tour de France win and gold at London 2012.
Sir Bradley Wiggins lost out on the top spot in the men's time trial at the Road World Championships, clinching the silver medal instead.
Olympic champion Sir Bradley Wiggins has been announced as the leader of the Tour of Britain team, which begins on September 15 in Peebles, Scotland.
The 33-year-old will joined by Ian Stannard, Josh Edmondson, Bernhard Eisel, Mathew Hayman and David Lopez as part of the six-man team.
Sir Bradley said: "I'm really looking forward to the Tour of Britain; it's a race I’m fond of and it’s nice to see it growing in stature each year.
"The crowds and the roads make it special and it’s always very humbling to see the fantastic support that we get from the public".