The duo previously anchored the 2013 ceremony, and will be back once again to honour Latino achievement in the entertainment industry on October 10, reported The Wrap.
An all-star lineup of presenters - including Zoe Saldana and Aubrey Plaza - will assemble to hand out the awards.
Saldana is scheduled to give the Award for Industry Excellence to 'Pacific Rim' filmmaker Guillermo del Toro.
'Orange Is the New Black' cast members Selenis Leyva and Dascha Polanco will be given the Special Achievement in Television prize.
Michael Pena will present the 2014 Hispanic Recipients of the Congressional Medal of Honour to Latino servicemen who were previously not recognised for their efforts.
The 2014 NCLR ALMA Awards will air on October 10.
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