Asked "if I accept the prize? Of course", the US singer-songwriter said in a call to the academy this week, around a fortnight after he was named laureate on October 13.
"The news about the Nobel Prize left me speechless," he told the academy's permanent secretary, Sara Danius. "I appreciate the honour so much."
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The academy said yesterday that it had not yet been decided yet if Dylan would visit Stockholm to pick up his award.
Sweden's King Carl XVI Gustaf usually hands out prizes and cheques to all the Nobel winners at a banquet on December 10.
Asked in an interview with Britain's Daily Telegraph newspaper published late yesterday if he would turn up, he said: "Absolutely. If it's at all possible."
Dylan told the paper that the award was "amazing, incredible", saying: "It's hard to believe."
He added: "Whoever dreams about something like that?"
Asked why he did not respond to the academy's calls, Dylan said: "Well, I'm right here."
Dylan, whose lyrics have influenced generations of fans, is the first songwriter to win the literature prize.
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