Beyonce and Jay Z
Beyonce and Jay ZReuters

Hip-hop's power couple Beyonce and Jay Z, are all set to perform together at the 2014 Grammy Awards, which will be held on Sunday, Jan. 26.

Confirmation of the couple performing at the award show came on Sunday after a commercial for the event listed the couple, and artists such as Taylor Swift, Katy Perry, Daft Punk, and Macklemore & Ryan Lewis as some of the high-profile performers.

While the official announcement did not say if Beyonce, 32, and her husband of six years, Jay Z, 44, will perform together, a source confirmed to Us Weekly that audience will get to watch Blue Ivy's parents setting the stage on fire together.

In the past, the couple has collaborated on a number of projects - "03 Bonnie and Clyde" and "Crazy in Love" - with the latest being "Drunk in Love," a single off Beyonce's self-titled fifth album.

The album has reportedly sold 1.5 million copies.

While Sunday's performance will be Beyonce's first public performance since releasing her fifth album, she performed to a star-studded crowd at First Lady Michelle Obama's birthday party over the weekend.

Mail Online reported that Beyonce performed a number of her singles, including "All the Single Ladies," at the party, where she was joined by musician Stevie Wonder.

According to rumors, the 56th Grammy Awards function will be graced by the presence of another music royalty, Madonna. But, her name is yet to be officially listed among the night's performers.

The 56th Annual Grammy Awards night can be live streamed at http://www.cbs.com/shows/grammys/live_stream/