Iowa will face Texas in New York's Madison Square Garden on Nov. 20.
The Hawkeyes announced Wednesday that they'll face the Longhorns in the semifinals of the 2K Classic tournament. Iowa will then play either California or Syracuse the next day.
Texas is expected to be one of the top teams in the nation next season. The Longhorns bring back most of their contributors from last season, when they finished 24-11, and they've added star freshman Myles Turner.
Iowa will also play at North Carolina and host Iowa State in what should be its toughest non-conference schedule under fifth-year coach Fran McCaffery.