Other performers on the night will include Beck; the Black Keys; Crosby, Stills & Nash; Norah Jones; Tom Jones; Los Lobos; John Mellencamp; Bonnie Raitt; Eddie Vedder; ; Neil Young and singer-songwriter John Doe. Don Was will serve as the musical director.
Dylan's accolade was announced last September. At the time, Neil Portnow, president and CEO of the MusiCares Foundation and The Recording Academy, said Dylan's "body of creative work has contributed to America's culture, as well as that of the entire world, in genuinely deep and lasting ways."
Added MusiCares Foundation Board chair Bill Silva: "Bob Dylan's songwriting ability is unmatched, and it will be an extraordinary evening to hear his work showcased by such a remarkable group of artists."
Past MusiCares Person of the Year honorees include Bono, Tony Bennett, Aretha Franklin, Billy Joel and Quincy Jones. Proceeds from the event, which is in its 25th year, will support MusiCares, which provides financial and medical help to musicians in need.
The 57th annual Grammys Awards will take place Feb. 8 at the Staples Center in Los Angeles. The awards will air live on CBS.