It has even been rumoured the show could see the end of one of the biggest rock feuds of the 90s, between Blur and Oasis, with ex-members of both bands playing.
Oasis' Liam Gallagher will perform with Beady Eye, while it has been rumoured Blur singer Daman Albarn may appear to support the band's guitarist, Graham Coxon, at the show.
A source told The Sun newspaper: "Liam has been shocked by the footage of the devastation in Japan.
"Oasis were, and still are, hugely popular out there. The band have always been treated like kings so he wants to do his bit.
"Graham has mentioned the gig to Damon Albarn. It could be the end of one of the most famous British rock 'n' roll feuds ever if he shows up."
All proceeds from the show will go to the British Red Cross Japan Tsunami Appeal. Tickets will be limited to four per person and go on sale on Friday (25.03.11).
Source: Music-news.com
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