Of course, having come through the junior ranks in Europe, this is not the first time that PREMA and Ilott have joined forces.
The Brit previously raced for the team in Formula 3 in 2017 where he won six races and achieved eleven podium finishes.
Ilott went on to test Formula 1 machinery for Alfa Romeo and also serve as Ferrari's test driver having been a part of their junior driver academy.
In a press release, Ilott explained: “It’s an incredible opportunity to experience INDYCAR with PREMA, their first steps in the series and in the U.S.,”
“What an amazing chance. I love the racing, I love these cars, and I love the team, so it’s great to be back to what they call the Italian family home.
"It’s going to be something special to build off, a lot of hard work, but I’m excited to join the team and see what we can do together.”