Jack White, Neil Young, The Black Keys, Willie Nelson and Crosby, Stills and Nash will perform at the gala to celebrate the 73-year-old being named 2015's MusiCares person of the year, reported BBC online.
Carole King and Bruce Springsteen are among the previous recipients.
Dylan has won 10 Grammys, seven of them after being handed a lifetime achievement award in 1992.
Beck, Tom Jones and Norah Jones are among the stars who will perform versions of the musician's songs at the show on February 6, 2015, two days before the Grammys.
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