Justin Timberlake, Jay-Z to headline Wireless Festival in London

Justin Timberlake and Jay-Z have been named as headliners for the Wireless Festival, which is being held at the Olympic Park in London this summer.

The festival, which runs from July 12-13, announced the lineup on its website Tuesday. Other performers include Snoop Dogg, Trey Songz, Miguel, Rita Ora and Frank Ocean, with more artists to be announced.

The news of Timberlake and Jay-Z headlining the event comes on the heels of rumors that the two will head out on tour together this year. Timberlake's latest album,"The 20/20 Experience," is scheduled for release on March 19.

It was announced last month that the Olympic Park would reopen to the public this year as a venue for rock concerts. The Hard Rock Calling festival is also set to be held there.