The American singer and songwriter was awarded the prize by the Swedish Academy in October (16), but failed to attend the prizegiving ceremony, or deliver the lecture that is required to receive the $910,000 (£730,000) prize money.

Now, the Academy has confirmed that a representative is to meet with Dylan, 75, in private in Stockholm, where he is due to give two concerts.

"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," wrote Professor Sara Danius, permanent secretary of the Academy, in a blog post.

"The setting will be small and intimate, and no media will be present; only Bob Dylan and members of the Academy will attend, all according to Dylan's wishes."

Professor Danius added that Dylan will not hold the traditional Nobel lecture during the meeting, but is expected to send a taped version. She also explained that taped lectures had been sent by other winners in the past, including 2013 recipient Alice Munro.

"Please note that no Nobel Lecture will be held. The Academy has reason to believe that a taped version will be sent at a later point," she stated.

The enigmatic folk rocker has to give a lecture by June (17), or else he will forfeit the prize money.

Dylan previously snubbed the Nobel ceremony in December (16) because of "pre-existing commitments".