Looks like the G.O.A.T. has been tapped to host this years' Grammy Awards. LL Cool J has won 2 Grammys in the past and knows what it takes to be in such a big spotlight! 

The Grammy-winning rapper and actor says the Feb. 12 broadcast is "gonna be a great night" and says this is a dream come true.

The Grammys will be broadcast on CBS from the Staples Center in Los Angeles.

Drake, Rihanna, Cee Lo Green, Gwyneth Paltrow and the Jim Henson Company's Puppets have been added to the lineup of performers during the 53rd Annual Grammy Awards.

Drake and Rihanna will hit the stage together for a performance, as well Cee Lo Green and Gwyneth Paltrow, who will be joined onstage with Henson's Puppets.

Both Drake and Rihanna have earned four nominations for this year's Grammy Awards ceremony.

Their duet together will mark the first time the pair have performed together on live television.

Gwyneth Paltrow's performance with Cee Lo and Henson's Puppets is also the actresses' debut at the Grammys.

Previously announced performers include Eminem, B.o.B., Katy Perry, Bruno Mars, Justin Bieber, Janelle Monae, Lady Gaga, Usher and others.

Rappers like LL Cool J, Nicki Minaj and others will take part in this year's Grammy Awards ceremony as presenters.

The 53rd Annual Grammy Awards take place on February 13th at the Staples Center in downtown Los Angeles.

The show will be broadcast live on CBS from 8:00PM - 11:30 PM EST.

It's been a good year for the Shady/Aftermath camp....first Eminem comes back with "Recovery" and has tons of success with the album not to mention it's sold well over 2k copies so far. Then we get the long-awaited single from Dr. Dre's upcoming "Detox" album. Now the 53rd annual Grammy Award nominations has Eminem sitting with 10 noms, including Album of the year for "Recovery"

Fellow Hip Hop Star Jay-Z and Lady Gaga also picked up 6 noms each

Some of the other categories Em was nominated in:

Record of the Year

“Love the Way You Lie” – Eminem & Rihanna“Nothin’ on You” – B.o.B & Bruno Mars“Empire State of Mind” – Jay-Z & Alicia Keys“Need You Now” – Lady Antebellum“F**k You” – Cee Lo Green

Song of the Year

“Love the Way You Lie” – Eminem & Rihanna“F**k You”- Cee Lo Green“The House That Built Me” – Miranda Lambert“Beg, Steal, or Borrow” – Ray LaMontagne“Need You Now” – Lady Antebellum

Best Pop Collaboration With Vocals

“Airplanes II” — B.o.B, Eminem & Hayley Williams“Imagine” — Herbie Hancock, Pink, India.Arie, Seal, Konono No. 1, Jeff Beck & Oumou Sangare“If It Wasn’t For Bad” — Elton John & Leon Russell“Telephone” — Lady Gaga & Beyoncé“California Gurls” — Katy Perry & Snoop Dogg

Best Rap Solo Performance

“Over” – Drake“Not Afraid” – Eminem“How Low” – Ludacris“I’m Back” – T.I.“POWER” – Kanye West

Best Rap/Sung Collaboration

“Nothin’ on You” – B.o.B Featuring Bruno Mars“Deuces” – Chris Brown, Tyga & Kevin McCall“Love the Way You Lie” – Eminem & Rihanna“Empire State of Mind” – Jay-Z & Alicia Keys“Wake Up! Everybody” – John Legend, The Roots, Melanie Fiona & Common

Best Rap Song

“Empire State Of Mind” – Jay-Z & Alicia Keys“Love the Way You Lie” – Eminem & Rihanna“Not Afraid” – Eminem“Nothin’ on You” – B.o.B & Bruno Mars“On to the Next One” — Jay-Z & Swizz Beatz

Best Rap Album

The Adventures of Bobby Ray – B.o.BThank Me Later – DrakeRecovery – EminemThe Blueprint 3 – Jay-ZHow I Got Over – The Roots

The 53rd Annual Grammy Awards will be televised on February 13, 2011.