During a visit to the University of Kentucky, Vargas, a 6-foot-10 post prospect, gave John Calipari and his staff a verbal commitment.
Kentucky assistant coach Orlando Antigua played a big role in Vargas' recruitment.
"Eloy will be headed to Kentucky," Vargas former AAU coach Kenny Gillion said. "The biggest reason was Orlando and him feel its a good opportunity for him to come in and start."
The Miami-Dade Community College product joins Kentucky's star studded 2010 class, which also includes Brandon Knight, Enes Kanter, Doron Lamb and Stacey Poole.