The trio - comprising Mark Owen, Gary Barlow, and Howard Donald - are recording a new version of Barry's group the Bee Gees' hit 'How Deep Is Your Love', which they first covered in 1996, as well as a new song with the 72-year-old music legend.
A source told The Sun on Sunday newspaper: ''Barry may not be your typical boy band member but he's a British music legend.
''Obviously the Bee Gees influenced Take That's early years massively.
''The lads cannot wait to get in the studio.''
The recording session with Barry will feature on a one-hour TV special to mark the group's anniversary, with occasional member Robbie Williams - who quit the band in 1996, shunned their 2005 reunion but returned briefly in 2012 for the 'Progress' album and tour - also expected to appear, though it is unclear if former member Jason Orange will be involved.
And fans tuning in will also be treated to previously-unseen intimate footage of the 'Back for Good' hitmakers.
The group said: ''We've handed over our own personal camcorders from the '90s and asked fans to share their stories.''
The trio recently unveiled plans for a huge anniversary tour next year, as well as 'Odyssey', a compilation featuring reworked versions of their classic hits.
Gary said about the album: ''Some have been reworked, but without spoiling what people loved about them in the first place.
''You've got to be respectful, but at the same time, you've got to let the ambition of doing something new and refreshed come through as well.''
In the Hall By The Sea at Dreamland, Reef brought their Revelation tour to life as they delivered one of the best live sets I've had the privilege to...
'Worst Nites' is the music video directorial debut of 'The Hunger Games' star Josh Hutcherson with Foster the People's frontman Mark Foster.
Matty Healy of The 1975 plays an acoustic rendition of the song '102' which features as a bonus track on the Japanese edition of their third album.
Having dropped her number one second album 'Always In Between' in October 2018, Jess Glynne unveils the video for her catchy new single 'Thursday'.
It's been four years since he dropped his number one self-titled debut album, and now Hozier's back with a new single entitled 'Movement'.
Andy Burrows has teamed up with author Matt Haig on an album version of the latter's memoirs, 'Reasons To Stay Alive', which is set to be released on...
As the nights draw in and the temperature drops, Crooked Man treats us to a fabulous slice of sun-soaked House, Disco and Electro.
Sydney trio Mansionair have dropped the video for their new single 'Falling' as they gear up for their first North American headline tour.