The Titanic star will attend a special ceremony on 1 February (13) to receive the coveted American Riviera Award, which recognises influential artists in Hollywood.
A statement from the event's Executive Director Roger Durling reads, ""We are thrilled to be honoring Leonardo DiCaprio with the American Riviera Award, in a year where he has shown us another layer of his immeasurable talent. His performance in Django Unchained reaffirms that he is the most relevant actor of this generation.""
DiCaprio follows in the footsteps of previous recipients including Sandra Bullock, Annette Bening, Tommy Lee Jones, Forest Whitaker, Philip Seymour Hoffman, Kevin Bacon and Mickey Rourke.
The festival runs from 24 January (13) to 3 February (13).