ANN ARBOR, Mich. -- With the matchup between college football's top two all-time wins leaders on hold for the foreseeable future, the Michigan Wolverines have moved on to the next-closest option.

The Wolverines and the Texas Longhorns, who are No. 3 in all-time wins, announced plans Wednesday for a future home-and-home series. The Longhorns will visit Ann Arbor in 2024, and Michigan will reciprocate with a trip to Austin in '27.

"A matchup of this magnitude doesn't come along all that often, and when it does, it's special for both programs and the great fans that support each institution," Michigan coach Brady Hoke said in a statement. "This also is a special series for all fans of college football, and I anticipate great games just like the first contest played between the two programs."

In their only previous meeting, Texas beat Michigan on a last-second field goal to win the 2005 Rose Bowl.

The scheduled matchups are for Aug. 31, 2024, and Sept. 4, 2027.

Michigan and Notre Dame, which ranks No. 2 in all-time wins, decided to end their annual rivalry after this season.

Since Michigan and Notre Dame decided to end their rivalry, the Wolverines have scheduled several home-and-home matchups, including Arkansas (2018-19), Washington (2020-21), Virginia Tech (2020-21), UCLA (2022-23) and Oklahoma (2025-26).