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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.
Geraint Thomas has signed a contract extension to remain with Team Sky.
The Welshman, 29, has been an integral member of Team Sky since its inception in 2010.
Thomas switched his focus to stage races this season, winning the Volta ao Algarve in February before claiming his first Paris-Nice title in March.
Speaking from Team Sky's training camp in Tenerife, he said: "Signing again was an easy decision. Team Sky feels like home. From the other riders to the staff, I love it here.
"I've only really just started when it comes to trying to win stage races. I'm learning all the time about how to get in the best shape for them and how to lead a team.
"For me, this year started with winning Paris-Nice and is now about going to the Tour in the best shape possible to support Froomey. After the Tour we can start looking to next year and keep setting bigger and better goals.
"It's about keeping that progression going, and Team Sky is the best place to do that. I'm just super happy being part of the team."
The Giro d'Italia will take place without a British rider for a second successive year.
Two Irishmen, Philip Deignan and Nicolas Roche, are slated to start the year's first Grand Tour, which begins in Apeldoorn, Holland with a 9.8-kilometres time-trial on Friday.
Alex Dowsett had been expected to start for Movistar, but the Commonwealth Games time-trial champion has undergone surgery to remove a plate and screws on his collarbone.
Team Sky have eight Britons on their 29-rider roster, but none are in the squad for the Giro, which finishes in Turin on May 29.
Deignan and Roche were on Tuesday named in Team Sky's nine-man line-up, as support riders to Spaniard Mikel Landa.
Landa and Vincenzo Nibali (Astana) are the favourites for the pink jersey.
Nairo Quintana (Movistar) and Alberto Contador (Tinkoff), the winners in each of the last two years, do not start as July's Tour de France is their priority this year.
Kirsten Wild took victory in the women's Tour de Yorkshire after Lizzie Armitstead's gutsy bid for glory fell short in Doncaster.
Wild (Team Hitec-Products) won the bunch sprint ahead of Wiggle High5's Lucy Garner after the peloton had chased down world champion Armitstead and two fellow escapees inside the final three kilometres of the 136.5km route.
Wild collected around £15,000 as a prize fund totalling £50,000 was handed out - a record in women's cycling.
Unfortunately, coverage of the race ran into problems as a relay plane was grounded with a technical fault and so no pictures could be broadcast on ITV4.
Cyclist Simon Yates has not received a suspension after failing a drugs test as his Orica-GreenEdge team try to clear up an administrative error.
Yates tested positive for terbutaline, which is being blamed on an inhaler he was using for his asthma, as his Australian team take full responsibility for the failed test.
The Union Cycliste Internationale (UCI) confirms that British rider Simon Yates has been notified of an adverse analytical finding of terbutaline in a sample collected in the scope of an in-competition control on March 12, 2016.
As per the UCI's anti-doping rules, such substance does not entail the imposition of a provisional suspension.
The rider has the right to request and attend the analysis of the B sample.
At this stage of the procedure, the UCI won't comment any further.