This work identifies a solvable (in the sense that spectral correlation functions can be expressed in terms of orthogonal polynomials), rotationally invariant random matrix ensemble with a logarithmic weakly confining potential. The ensemble, which can be interpreted as a transformed Jacobi ensemble, is in the thermodynamic limit characterized by a Lorentzian eigenvalue density. It is shown that spectral correlation functions can be expressed in terms of the nonclassical Gegenbauer polynomials C_{n}^{(-1/2)}(x) with n≥2, which have been proven to form a complete orthogonal set with respect to the proper weight function. A procedure to sample matrices from the ensemble is outlined and used to provide a numerical verification for some of the analytical results. This ensemble is pointed out to potentially have applications in quantum many-body physics.