Filmmaker Quentin Tarantino and producer Harvey Weinstein will help in unveiling his star on February 26, said The Hollywood Reporter.
Morricone, 87, is getting the honour in the category of live performance/ theatre.
Pascal Vicedomini, the founder of the Los Angeles, Italia Film, Fashion and Art Fest will also be present at 7065 Hollywood Boulevard.
Touted as one of the most prolific composers of our time, Morricone has sold over 70 million records in his 70-year long career. He has composed 500 scores for cinema and television, as well as over a hundred classical works.