Legendary actress Meryl Streep is all set to attend her first-ever Met Gala next year and will serve as co-chair of the glamorous star-studded event.

According to Page Six, the 70-year-old actress will be making her debut at the Hollywood’s most stylish night as a host alongside fellow actors Emma Stone and Lin-Manuel Miranda. The event will take place at the Metropolitan Museum of Art.

The theme for this year’s event has also been revealed and it is “About Time: Fashion and Duration.”

According to The New York Times, the theme is inspired by the amazing novels of the iconic writer Virginia Woolf and the extraordinary theories of the French philosopher Henri Bergson.

While talking to the publication, the curator of the Metropolitan Museum of Art, Andrew Bolton, revealed that his idea of next year’s event will not focus on the traditional collections. The event will see collections that are being discussed by the people outside the industry.

According to a press release, on the occasion of the museum’s 150th anniversary, the star-studded event will trace more than a century and a half of fashion from 1870 to present. Along with Streep, Stone, and Miranda, Vogue editor-in-chief Anna Wintour will also be one of the co-chairs.

The “La La Land” star is a regular attendee and even went to the event in 2018 and 2019 while wearing a dress from Nicolas Ghesquière, the artistic director of Louis Vuitton women’s wear. In 2016, she went to the function while sporting attire from Prada.

Meanwhile, Miranda will also be making his first-ever appearance at the event. The actor took to Twitter to express his excitement.

The 2020 Met Gala will take place on May 7.

In related news, Streep is busy promoting her upcoming movie “Little Women” these days. The film, directed by Greta Gerwig, also stars Saoirse Ronan, Emma Watson, Florence Pugh, Eliza Scanlen, Laura Dern, Timothée Chalamet, Tracy Letts, Bob Odenkirk, James Norton, Louis Garrel and Chris Cooper.

The upcoming movie is the eighth big-screen adaptation of the novel of the same name by Louisa May Alcott.

“Little Women”  is scheduled to be theatrically released in the U.S. on Dec. 25, 2019.

Meryl Streep Meryl Streep is nominated for her 20th Oscar. Pictured: Meryl Streep on Oct. 20, 2016 in Rome, Italy. Photo: Getty Images/Vittorio Zunino Celotto