Ne-Yo at American Music Awards 2008 held at the Nokia Theatre - Press Room. Los Angeles, California - 231108

Knowles will perform Streisand's The Way We Were and Ne-Yo, who penned Beyonce's megahit Irreplaceable, will sing another of the music legend's famous tracks, according to Eonline.com.

Queen Latifah is also rumoured to be in talks to join the performers on the big night.

Movie star Morgan Freeman and The Who's Pete Townshend and Roger Daltrey will also be among those honoured at the 31st annual gala in Washington, D.C. on 7 December (08).

Source: WENN