It was revealed last month that the songwriter would not be coming to Stockholm to accept this year's Nobel Prize for Literature due to “pre-existing commitments”.
As well as the speech, Dylan will also be recognized by a performance of his song "A Hard Rain’s A-Gonna Fall" at the Nobel Prize Award Ceremony by fellow musical legend Patti Smith.
The choice of Dylan as winner of this year’s literature award was a surprise that was criticised by some.
He took a number of days to acknowledge winning the award and his decision to skip the ceremony has been viewed as a snub by some commentators.
He is not the first Nobel laureate to not attend the awards ceremony, but the elderly Doris Lessing, Harold Pinter and Alice Munro did not travel to Stockholm to pick up their Nobels due to health reasons. Austrian playwright Elfriede Jelinek, meanwhile, was criticised for not coming to Stockholm while others acknowledged she suffers from agoraphobia and social phobia.
Dylan still needs to perform a lecture if he is to receive the 8 million kronor prize money.
The Swedish Academy’s Permanent Secretary, Sara Danius, told Swedish Radio last month she expects Dylan to travel to Sweden next year to perform and that could be the time he gives his lecture.
The Nobel Prize ceremonies will be held on Saturday in Stockholm and Oslo.