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Yes! Taylor Swift to Perform at the MTV Video Music Awards

Taylor Swift Capital Pictures/Capital Pictures/Sipa USA

Taylor Swift may be spending most of her time in New York these days, but she'll be heading west at the end of next month.

I've just learned that the pop music superstar will perform at this year's MTV Video Music Awards in L.A.!

Swift is planning an "explosive" performance for the Moonman extravaganza, one source said.

Exact details are being kept under wraps, but I do know that Swift will be hitting the stage by herself. "It's not a collaboration with another singer," the source said.

So will Taylor be debuting a new song? We sure hope so!

NEWS: Taylor gives a lucky fan some relationship advice about "unrequited love"

Taylor Swift, Hat North Woods/Splash News

Previously announced performers include Usher, Ariana Grande and 5 Seconds of Summer.

Beyoncé leads this year's nominees with eight nominations, followed by Eminem and Iggy Azalea with seven apiece.

The top Moonman award, Video of the Year, will be a battle between Beyoncé's "Drunk In Love," Azalea's "Fancy," Pharrell Williams' "Happy," Sia's "Chandelier" and Miley Cyrus' "Wrecking Ball."

Beyoncé is also up for Best Female Video for "Partition" and Best Collaboration for her work with hubby Jay Z on "Drunk in Love."

British crooner Sam Smith is nominated for Artist to Watch for "Stay With Me." His competition includes 5 Seconds of Summer ("She Looks So Perfect"), Charli XCX ("Boom Clap"), Schoolboy Q ("Man of the Year") and Fifth Harmony ("Miss Movin On").

Swift picked up a VMA in 2009 for Best Female Video for "You Belong to Me" and another last year in the same category for "I Knew You Were Trouble."

The 2014 MTV Video Music Awards will air live on MTV on Aug. 24 at 9 p.m. from The Forum in Inglewood, Calif.

PHOTOS: Check out Taylor's best looks!

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