The Britpop icons are among those set to be honoured at the ceremony in Los Angeles in 2026, leading the way in the performers category alongside Iron Maiden, Phil Collins, Billy Idol, Joy Division/New Order, Sade, Luther Vandross and Wu-Tang Clan.
Oasis frontman Liam Gallagher previously dismissed the Hall of Fame but joked if Oasis were ever inducted he would change his tune.
After the news broke, he wrote on X: "I wanna thank all the people who voted for us it's a real honour ever since I was a little kid and singing in the shower I'd dream about 1 day being in the RnR hall of fame it's true what they say anything is possible if you have a dream."
After someone brought up he previous comments, he quipped that his mother told him that "I may have been a little hasty with my perception of the organisation".
The announcement was made during American Idol on Monday before the ceremony on November 14 at LA's Peacock Theater.
The early influence category has also been revealed, which features Queen Latifah, Celia Cruz, Fela Kuti, MC Lyte and Gram Parsons.
In the musical excellence category, the 2026 group adds songwriter Linda Creed, alongside producers Rick Rubin, Jimmy Miller and Arif Mardin, while late chat show host Ed Sullivan will be honoured with the Ahmet Ertegun non-performer prize.
Several stars missed out in 2026 despite being nominated, including Mariah Carey, New Edition, Lauryn Hill, INXS, Jeff Buckley, Shakira and Pink.
Speaking Billboard about the induction, Rebel Yell star Billy Idol said: "I can't believe it. It's incredible.
"It's just fantastic to think that something I was doing for the sheer love of the scene we were in back in the '70s, the punk rock scene. We were doing it for the love. We had no idea it was going to explode and lead to me doing this for 50 years.
"So it's all really incredible and something I just couldn't have imagined when I was starting out."
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