"It will be one of the musical events of the year - Manchester music fans will be in rock 'n' roll heaven."
The Oasis singer will be joined by former Stone Roses frontman Ian Brown and Freebass - a bass guitar trio made up of former Smiths star Andy Rourke, New Order's Peter Hook and Primal Scream's Gary 'Mani' Mounfield - for the Manchester Versus Cancer charity concert on February 23.
A concert source told Britain's The Sun newspaper: "Liam and Ian Brown will join Freebass on vocals for their first full live show.
"It will be one of the musical events of the year - Manchester music fans will be in rock 'n' roll heaven."
The show, at Manchester's MEN Arena, is also expected to feature The Verve, Happy Mondays, Inspiral Carpets and James.
Andy Rourke, who is also organising the concert, said: "This year's show is going to be talked about for years to come. We've got some of the biggest bands of the moment lined up, as well as some legendary acts."
The band are expected to perform at a number of British music festivals, including Glastonbury, V and The Isle of Wight Festival.
The Freebass collaboration is the latest in a long-line of supergroups.
In 1988, The Travelling Wilburys combined the musical talents of former Beatle George Harrison, Bob Dylan, Tom Petty, Roy Orbison and Jeff Lynne.
More recently Blur's Damon Albarn joined former Clash bassist Paul Simonon, ex-Verve and sometime Blur guitarist Simon Tong and drummer Tony Allen to form The Good, the Bad and the Queen.
Liam Gallagher
