Billboard has announced that Britney Spears will receive this year's Millennium Award at the Billboard Awards 2016, and will perform a medley of her greatest hits at the event.

The Millenium Award recognizes outstanding career achievements and influence in the music industry, with previous winners of the award including Beyonce in 2011 and Whitney Houston in 2012.

Spear's performance at the event will also see her joining previously confirmed performers Justin Bieber, DNCE, The Go-Go's, Shawn Mendes, P!nk and collaborations with Nick Jonas, Tove Lo and Demi Lovato.

The awards will be hosted by Ludacris and Ciara on Sunday, May 22.