Having a number of chart-topping singles in her 20-year career, including "...Baby One More Time" which has gone 14 times platinum in the US, Spears will be honored with the prize for her exceptional achievements and influence in the music industry, reported Ace Showbiz.
Beyonce Knowles and Whitney Houston are among past recipients of the award.
Spears will also attend the 2016 BBMAs as a performer.
The pop superstar is slated to deliver a medley of her hits and probably her new single too.
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