An official announcement is scheduled for early next week, sources said.
It remains unclear which team Ragan will drive for at Front Row, which fielded Ford teams last season for David Gilliland and Travis Kvapil.
Ragan earned his first career Cup win in the 2011 season, at the July race at Daytona. The 26-year-old native of Unadilla, Ga., also has two wins in the Nationwide series.