The pop music and cultural icon has broken barriers by being named to the elite, century-old academy of music, literature and visual arts, joining previous inductees as filmmakers Woody Allen and Martin Scorsese and Oscar-winning actress Meryl Streep, reported Ace Showbiz.
"The board of directors considered the diversity of his work and acknowledged his iconic place in the American culture," academy executive director Virginia Dajani said.
"Bob Dylan is a multi-talented artist whose work so thoroughly crosses several disciplines that it defies categorisation," she said.
The 71-year-old performer is already booked to play a host of shows in the East and Midwest at that time.