Bradley Wiggins will retire from road racing after one more season before returning to the velodrome with the goal of adding to his gold medal haul at the 2016 Olympic Games.
Wiggins won six Olympic track medals, including three golds, before switching to the road after the 2008 Olympics.
The 33-year-old said: "I'm going to continue to the next Olympics and try for a fifth gold.
"That's the plan. Having lost weight and muscle the last few years I wouldn't be able to walk back into that team pursuit squad, so I'm not taking anything for granted, but I am working towards that.
"It would be nice to finish the career with another Olympic gold."
The Team Sky rider was unable to defend his 2012 Tour de France title due to injury, with compatriot Chris Froome winning a second title for the British team in his absence.
Wiggins had previously indicated he may never compete in the Tour again, but he said on Monday that he would like to ride it one more time and was willing to play second fiddle to Froome.
"I don't mind admitting that Chris is probably a better Grand Tour rider than me," he said.
"He is a much better climber, he can time-trial well. He has age on his side, he has no kids, that's fine.
The Briton admitted that if he wants to regain his Tour de France title, he would have to leave Team Sky which is something he does not plan doing.
"If Chris wants to, he could potentially win five Tours now. So if I want to win another Tour, I'd probably have to leave the team.
"I love this team. This is my home, I'm not going to go, 'I want to be the leader still, so I'm off'."