The two icons of British rock, along with country legend Merle Haggard, blues man Robert Johnson, opera singer Jessye Norman, folk group Weavers and comedian Richard Pryor will all be honoured with Lifetime Achievement Awards.
The nominations for the evenings main awards were dominated by Mariah Carey, John Legend and Kanye West. Each received nominations in eight categories.
The Grammy Awards will be presented on February 7, 2006.