The game will be played on New Year's Eve at Sun Bowl Stadium in El Paso, Texas against the Trojans of Southern California.
The 1973 regular season was the last time these two programs faced one another. The Trojans won that game in Atlanta 23-6.
Georgia Tech, at 6-7 after losing the ACC Championship Game to the Florida State Seminoles by less than a touchdown on Saturday, lost the Sun Bowl last year versus Utah.
Southern California's last game was a tough loss to the Fighting Irish, which came without quarterback Matt Barkley. The Trojans are 7-5.
It is unclear yet whether Barkley will be available to play by the bowl, but if he is able this would be the senior's finale at USC.
Georgia Tech's Tevin Washington, a fifth-year senior, would also be playing in his last college game.
Yellow Jackets fans can purchase tickets to the 2012 Sun Bowl here.