The original album was released on June 1, 1967 and to mark the event the big names will all be covering tracks from the record for a BBC2 special to be aired on June 2.
The BBC reports that Geoff Emerick, the engineer in charge of the original sessions will use the same equipment to record the new versions.
Radio 2 controller Lesley Douglas said: “This will be not only a unique radio event, but a very special musical moment.
“The range and quality of artists involved ensure that this will be a fitting tribute to one of the great albums of all time.”
There is no news yet on which track the artists concerned will cover.