Details on the lineup for have yet to be announced. The event will be produced in partnership with Live Nation.
CNN has contacted Davis’s representatives for comment.
Franklin, dubbed the Queen of Soul, died at her Detroit home surrounded by family and friends.
The “official cause of death was due to advanced pancreatic cancer of the neuroendocrine type, which was confirmed by Franklin’s oncologist, Dr. Philip Phillips of Karmanos Cancer Institute in Detroit,” the family statement said.
The funeral for Franklin will be held August 31 in Detroit, according to the singer’s publicist, Gwendolyn Quinn.