Alabama Shakes singer Brittany Howard, Mavis Staples and Zac Brown have also signed up for the tribute, which is being directed T Bone Burnett.
Levon Helm passed away in April last year after a long battle with cancer, when countless tributes were paid by the musical world after a short statement was released which read:
“Levon Helm passed peacefully this afternoon. He was surrounded by family, friends and band mates and will be remembered by all he touched as a brilliant musician and a beautiful soul.”
The 55th annual Grammy Awards are due to take place at the Staples Center in Los Angeles on February 10th. Mumford & Sons have interest in six categories, including the coveted Album Of The Year prize where they face competition from The Black Keys, Fun, Frank Ocean and Jack White.