"DTM is a great series with highly talented drivers in the field and exciting racing," Albon said.
"I've only driven a 'tin top' once back in 2015 when I was nominated for the Autosport BRDC Young Driver award, and they're really different to single-seaters.
"There's a lot less downforce and the tyres are very different, so it requires a different kind of driving style. It will take a bit of time to get used to, but I'm looking forward to a new racing challenge when I'm available outside of my existing F1 commitments."
Those commitments come with his reserve driver position with the Red Bull F1 team. For the moment, it’s still unknown how many races Albon will be driving in the 2021 DTM season. As a result of this, he’ll be sharing what is a secondary AlphaTauri-liveried car in the DTM with Super Formula and Super GT ace Nick Cassidy. Cassidy himself has Formula E commitments in the ongoing 2021 calendar with Virgin Racing.
In the main car, Red Bull junior Liam Lawson will be contesting the full season in full Red Bull colours.
"The unprecedented collaboration of the three high-class drivers is particularly promising,” said DTM boss Gerhard Berger.
“Formula 1 driver and podium finisher Alex Albon, GT professional and multiple race-winner Nick Cassidy and young talent Liam Lawson in one team – it is the perfect mix, which will keep the excitement level high in the upcoming DTM season.
"Both Red Bull and Ferrari are leading global players that represent absolute success in the world of motorsports and beyond.”
The 2021 DTM season will feature eight rounds, beginning at Monza on 19th-20th June and concluding at Hockenheim on 2nd-3rd October.