Minardi team founder Gian Carlo Minardi will get back to racing after joining forces with the Italian GP Racing team to compete in the upcoming Euro 3000 championship.
The new Minardi Team by GP Racing will take part in the the new series, which replaces the F3000 Italia championship.
The team will use Lola B02/50 cars, which will sport the same yellow and dark blue colours as the Minardi F1 cars of the 1980s.
Minardi, who founded his Formula One squad in 1979, left the sport last year after the team were bought by Red Bull and renamed Toro Rosso.
"After 20 years in Formula One, and after the recent arrival of Scuderia Toro Rosso, I've thought of taking a step back and go back to my origins," said Minardi. "1980 saw the debut in Formula Two of Minardi, which one year later would get their first victory with the unforgettable Michele Alboreto. It's a well-known story after that.
"Today I want to start a new adventure: together with GP Racing and [technical partners] Bimecc we'll take forwards an ambitious project, and that is to become a reference point for talented drivers who want to become main players.
"The new adventure starts at Monza in March and we hope it'll be able to bring us significant results as soon as possible."
The team will be based in Veggiano, near Padua.
Team Director Tancredo Pagiaro added: "I'm really happy I'm able to announce an agreement which I'm sure will take us very far. The great experience and undoubted capabilities of Gian Carlo Minardi will be extremely useful for our new venture.
"I'm proud of having contributed in bringing back the Minardi name to motor racing and I'm sure we'll get satisfaction from the series which will start in Monza on March 19th. A lot of work is awaiting us, but we are so charged with enthusiasm that we can't wait to start this new adventure."