The song will mark Cyrus' first new solo track in almost two years, reported E! Online.
The 24-year-old star released a teaser clip from her single's music video, which shows the singer grooving on a beach in Malibu.
"Miley Cyrus is and always has been an artist that makes an impact. Her incredible talent and imprint on pop culture are undeniable," said Mark Bracco, executive producer of the 2017 Billboard Music Awards.
"We are thrilled to have her debut 'Malibu' at the 2017 Billboard Music Awards and look forward to a raw and honest performance that will likely surprise many.
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