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Beyonce, Blue Ivy, 2016 MTV VMAs

Larry Busacca/Getty Images for MTV

Buckle up music lovers because we're in for one unforgettable evening.

The 2016 MTV Video Music Awards are finally here and your favorite singers, bands and performers are descending onto Madison Square Garden in New York City for what is sure to be an OMG-filled show.

In addition to performances from Britney Spears and Ariana Grande, Kanye West is set to take the stage for four minutes where anything can happen. Plus, all eyes are on Rihanna as she accepts the Michael Jackson Video Vanguard Award.

But before any of this can happen, we must talk about the red carpet looks. From Team USA's Final Five gymnastics team to Nicki Minaj, tonight's guest list is more than impressive.

So without further ado, take a look at what your favorite stars are wearing in our jam-packed gallery updating throughout the evening below.