But Queally missed out on his goal to qualify for the Olympic team and instead worked as a television pundit during London 2012.
It comes after Queally won the kilometre time trial at Sydney 2000 in a move that led the way for Britain to become the world's dominant force in track cycling.
Meanwhile 22-year-old European team sprint bronze medallist Pete Mitchell has also joined the squad as a pilot.
Mitchell has made his name as a sprinter on the track, winning a world junior title in 2007 and two European Under-23 team sprint silvers in 2009 and 2011 while Queally is set to target the 4km tandem pursuit event where Britain has struggled for representatives over the last few years.
Both Queally and Mitchell will have to sit out two-year eligibility periods from the date of their last able-bodied event before being cleared to race in Paralympic competition.
However, it means both would be eligible for the Glasgow 2014 Commonwealth Games which will feature tandem sprint and kilo events.
Tandem racing at Paralympic level has sighted pilots at the front of the bike guiding blind or partially sighted cyclists around a velodrome or on the road.
At London 2012 Craig McLean, who won a silver medal at Sydney 2000 as part of the team sprint alongside Queally, piloted Neil Fachie to victory in the individual sprint B.
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March 2010: Queally picked for World Championships
March 2010: Queally makes comeback and targets London 2012 Olympics
May 2009: Queally claims 2012 Paralympic challenge is fair
February 2009: British Olympic gold medallist aiming for historic double at London 2012