The band will be presented with the gong, which was rested for a year at the 2011 ceremony, at the O2 Arena on February 21.
Frontman Damon Albarn hailed the nod, commenting that it is “recognition for all the work and all the heartache that has gone into this band.”
Guitarist Graham Coxon added:
Being in a band this long is like a kind of time travel.
The announcement comes after recent hints from Albarn and bassist Alex James that Blur were set to reconvene in 2012 following 2009’s successful Hyde Park gigs and festival appearances.
Earlier this year, Albarn told NME that Blur had recorded a spoken word piece with poet Michael Horovitz about this year’s Notting Hill Carnival. He said: “If they’d have cancelled the carnival – and thank God they didn’t – maybe we’d have put it out. It had its moment: it was a perfect plea to reinstate the carnival. So it wasn’t relevant – it was relevant for about 12 hours.”
He also suggested that if the band were to play live again next year, it could be in America.
Meanwhile, in a video interview you can watch below, James spoke to NME earlier this week and revealed Blur would be meeting up for a Christmas drink – and would “probably” record together again at some point. However, he appeared to suggest that it was unlikely the band would ever record another album.