Sir Elton John is to perform a huge concert at London's O2 Arena on December 31st.

"I can't wait to spend New Year's Eve with 17,000 of my biggest fans," Sir Elton said in a statement.

The concert, which will be produced by photographer David LaChapelle, comes a year after Take That staged a similar event at the venue.

Earlier this week, Sir Elton revealed that he would be touring in 2009 alongside Billy Joel. The worldwide venture is expected to last two years.

"I love touring with him and I have the greatest respect for him - we're both such good friends,” Sir Elton told ABC's The View.

The dates will mark the third time that the pair have toured together.

As previously reported on Gigwise, Sir Elton donned a tutu as he joined cast members on stage last night (November 13th) at the New York opening of Billy Elliot.