Holloway, who signed with the Cardinals two years ago, but failed to meet academic entrance requirements, currently plays for Chicago's Boys to Men Academy. He'll sign a national letter of intent to play for Louisville next week.
"I (just) committed to Louisville," the 7-foot-1 Holloway told Evan Daniels by phone Monday afternoon.
Holloway joins 6'8 forward George Goode as the second member of Rick Pitino's 2007 recruiting class. The Cardinals lost out on 6'9 forward/center Papa Dia over the weekend. Dia chose SMU, over Louisville and Oklahoma.
"Me and coach (Pitino) talked and he knows what I need as far as conditioning wise and he's going to push me," Holloway said. "I just think it's going to be a good fit. I talked to Coach Pitino one-on- one and he just told me to come to Louisville and to do what's best for me. That's basically why I decided to go."
The 270-pound Holloway averaged 15 points, 10 rebounds and five blocks as a senior at Chicago's Harlan Academy. He also played in the Kentucky Derby Festival Basketball Classic.
"My goal is to make it to the NBA," Holloway said. "Coach Pitino is the best person to help me do that. I've been playing pretty good and I'm getting in good shape too. I'm getting conditioned by Coach Jackson and I'm playing well."
Holloway was considered a Top 100 prospect two years ago when he signed with Louisville.
Evans Daniels contributed to this story.