Dreyer & Reinbold Racing is set to return to the Indianapolis 500 in 2024 with another two-car effort.

Its most recent lineup of 2014 Indy 500 winner Ryan Hunter-Reay and IndyCar veteran Graham Rahal — a stand-in for the injured Stefan Wilson — had a strong performance in May where its cars placed 11th and 22nd. And while the team has yet to announce its next roster, the Chevy-powered outfit is said to have both seats earmarked for specific drivers to contest the May 26 classic.

“We’re trying to accomplish a few things; we have a direction we want to go, but we aren’t quite there yet,” Dennis Reinbold told RACER. “But we’ll be at two cars again, which is what we have in motion.”

Although Reinbold wouldn’t be drawn on his Indy 500 drivers for 2024, multiple sources tell RACER the direction they’re headed involves forming another all-American combination with the returning Hunter-Reay and DRR newcomer Conor Daly.

Prior to any on-track running, DRR’s Dallara DW12s will need to be updated to hybrid specification with new lightweight componentry and ancillaries to care for Chevy’s 2.2-liter twin-turbo V6 motors. Due to DRR’s position as one of the few remaining entrants who focus solely on the Indy 500, the Indianapolis-based team will need to wait for all of IndyCar’s full-time teams to receive the 2024 updates before it can start the modification process. There’s no specific date attached to when DRR will take possession of the multitude of new-spec items.

“As an Indy-only team, we’re not as high on the pecking order as the others,” Reinbold added. “So we want the others to get theirs as soon as possible so we can get ours.”