Oscars producers Michael DeLuca and Jennifer Todd delivered the news on Friday saying, "We're excited to have these talented artists showcase the powerful contribution music makes to filmmaking".
Blige - who is also nominated for Best Supporting Actress for her role as Florence Jackson in Mudbound - will sing "Mighty River" from the historical period drama.
Blige is the first person to receive an award nomination for a performance and Original Song in the same year.
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Then I take her outside, feed her, turn on the TV and probably pour myself a glass of wine. Though she later explained it was an "inside joke".
The frontrunner to win Best Original Song is "Remember Me" from the animated film "Coco". "Mystery of Love" will be released on a limited edition 10-inch vinyl single on Record Store Day also featuring Stevens' other two songs from the Call Me By Your Name soundtrack, "Visions of Gideon" and "Futile Devices (Doveman Remix)". The song was written Benj Pasek and Justin Paul, who shared an Oscar past year for the lyrics to "City of Stars" from "La La Land".
Keala Settle is set to perform "This Is Me", which was written by La La Land songwriters Benj Pasek and Justin Paul.
The 90th Academy Awards will be held on Sunday, March 4th at 8pm ET/5pm PT.