Last year the former Beatle announced that working with Dylan is one of his major ambitions, while Dylan agreed he would be open to a duet with McCartney in an interview earlier this month.
And now the superstars are set to make history – by heading into the studio together over the summer, according to the Daily Express.
A source tells the paper, “Paul has a home in California not too far from Bob’s so the idea is for the two to meet when Paul is in California over the summer.
“They’ll obviously want to work in privacy and it’s felt one of their homes will be the best bet.
“Getting these two together for any length of time is difficult schedule-wise but they both want this to work out. The music that comes out of this will be fascinating to hear.”