Music icon Bob Dylan will receive his Nobel prize this weekend at a meeting with the Swedish Academy in Stockholm, it was announced today. "The good news is that the Swedish Academy and Bob Dylan have decided to meet this weekend. The Academy will then hand over Dylan's Nobel diploma and the Nobel medal, and congratulate him on the Nobel Prize in Literature," Sara Danius, permanent secretary of the Academy, wrote in a blog post.

The Swedish Academy has warned the Nobel literature laureate that he has until June 10 to deliver the traditional Nobel lecture, in order to receive the eight million kronor ($910,000) that comes with the prize.

The lecture, which can take nearly any form including a short speech, a performance, a video broadcast or even a song, must be held within six months of December 10, the date of the Nobel prize ceremony and the anniversary of the death of the prizes founder Alfred Nobel.

No phone conversation has taken place with Bob Dylan in recent months. Dylan is nevertheless aware that a Nobel lecture must be held on June 10 at the latest in order for a payment to be made, Sara Danius, the permanent secretary of the Swedish Academy, which awards the Nobel Literature Prize, said in a blog post yesterday.

What he decides to do is his own business.

Dylan had skipped the Nobel ceremony in December.