The American singer Bob Dylan will finally accept his Nobel Prize for Literature in Stockholm this weekend. Dylan was awarded the prize in October but unfortunately he failed to travel to pick up the award. He was also expected to deliver the lecture to receive the prize; Dylan would receive $900,000 as a prize when he accepts the Nobel Prize.

The academy stated that they would meet Dylan in private at the Swedish capital, where he is performing two concerts. Dylan, who is 75, will not lecture in person but will send a taped version. If he fails to deliver a lecture by June then he will have to forfeit the prize money.

According to BBC, the academy will hand over his Nobel diploma and the Nobel medal by congratulating him on the Nobel Prize in Literature. As per Dylan's wishes only he and the members of the academy will attend and the setting will be small and intimate. Even the media will not be present at the occasion.

Many other winners in the past have sent in taped lectures including Alice Munro inn 2013, Dylan became the first songwriter to win the prestigious award. The first American science novelist was Toni Morrison in 1993. He received the prize for creating new poetic expressions within the great American song tradition.

It took Morrison almost three weeks to make any public comment, and finally he stated that the honor had left him speechless. However, he snubbed the Nobel ceremony in December due to pre-existing commitments.

As for Dylan the academy had no phone conversations with him and he has time up to 10 June or else he will lose the prize money. Prof Darius from the academy said it is left up to Dylan what he will be doing and that is his business.