David Bowie will be honoured with a tribute concert in New York later this year, with some legendary musicians set to take to the stage.

Sir Paul McCartney and Sir Mick Jagger - pictured above with the iconic performer in 1986 at the Prince's Trust 10th Birthday Party - are amongst those expected to remember the star.

The event - named The Music of David Bowie - was already set to take place at Carnegie Hall before the singer died on Monday, but following his passing, the 31st March event will now be a memorial show.

(Image: Daily Mirror)

According to the Daily Star, The Beatles and Rolling Stones legends are expected to join the likes of Sir Elton John as part of the line-up.

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Meanwhile, a statement on the event's website reads: "The unexpected death of David Bowie has turned this tribute, which we have worked on for the past 7 months, into a memorial concert...

"This year's concert will certainly be remembered as a poignant celebration of his music by his friends, peers, and fans.

(Image: Mirrorpix) (Image: Getty Images)

"We are deeply saddened by the news. The timing of our public on-sale date is bizarre in its timing and the show is taking on many more emotions. RIP David and may God's love bewith you."

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Bowie's death was confirmed on Twitter on Monday morning.

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A message from his official account read: "David Bowie died peacefully today surrounded by his family after a courageous 18 month battle with cancer.

"While many of you will share in this loss, we ask that you respect the family’s privacy during their time of grief."

He passed away just three days after releasing his 25th studio album, keeping his 18-month battle with cancer so private that even close friends weren't aware of his struggle.