Actress Reese Witherspoon is set to receive the prestigious Chairman's Award at the Palm Springs International Film Festival (Psiff).

The Legally Blonde star will be feted with the honour next month (Jan15) in California at the event's 26th annual Psiff Awards Gala.

The accolade is being given in recognition of Witherspoon's work on new movie Wild.

The festival's chairman, Harold Matzner, said in a statement, "Witherspoon delivers one of her finest performances in Wild. (She) brilliantly brings to life the true story of Cheryl Strayed, adding yet another iconic performance to her impressive 20-year span of characters."

Previous recipients of the honour include Tom Hanks, George Clooney, Nicole Kidman and Dustin Hoffman.