Rihanna is also tipped to join Chris Martin and co onstage at Sunday's ceremony
A source told the tabloid: “They are putting together a spectacular set list – one likely to include a duet. It’s going to be one hell of a show, and fans of both artists will be clamouring for tickets.”
They continued: “The Paralympics has exceeded all expectation and, like the rest of the world, Jay-Z has been blown away by [the competitors’] bravery and athleticism. This will be a concert like no other, and a fantastic end to what has been the most successful Paralympics ever.”
The closing ceremony has been named the ‘Festival Of Flame’ and will draw on the themes of earth, wind, water, fire and ice.
Coldplay singer Chris Martin previously said of the show: “Being asked to play at the closing celebrations for the Paralympic athletes in London is such a great honour for us. Kim Gavin and Misty Buckley are working hard to put on a spectacular Paralympic Games Closing Ceremony for the athletes and spectators in the stadium, and everyone watching around the world, and we are so happy to be involved.”
On the day of the closing ceremony, musicians will take to bandstands across the UK to play versions of Coldplay’s track ‘Viva La Vida’ at 2pm (BST) as part of The Bandstand Marathon.
Coldplay and Jay-Z previously collaborated to record a version of the band’s 2008 single ‘Lost’.