Shakira has a potential chance to receive the prestigious lifetime achievement award and present a selection of her greatest songs at an up-and-coming music ceremony in New York next month.

After her recent separation from Gerard Pique and her tax issues in Spain, the "Hips Don't Lie" singer could be presented the Video Vanguard Award at the MTV Video Music Awards. Noteworthy recipients in the past have included Madonna, Britney Spears, and Beyonce.

Rumors have been swirling for weeks, and a statement may finally be made this month.

Should it prove to be accurate, it would mark an impressive comeback for Colombian sensation who has had her share of difficulties over the last 12 months.

Having ended her relationship with soccer player Gerard Pique, Shakira has refocused on reigniting her music career.

Since its inception in 1984, the Video Vanguard Award has become one of America's most esteemed music distinctions.

According to a source who spoke to The Sun, "This is a tremendous honor for Shakira - it acknowledges all that she has accomplished in her musical career, as well as her impact on international music."

Although it's yet to be a done deal, accepting this award would be an incredible milestone in the "Underneath Your Clothes" singer's career as everyone eagerly wants her to take it on and show off her newest music.

It would be a tremendous honor and set up an exciting new phase of her music journey.

READ ALSO: How Shakira Feels About The 13-Year Age Difference Amid Romance Rumors With Jimmy Butler Revealed

Negotiations are still being made, but all signs point to a fantastic performance from her once it's finalized.

Shakira's list of accolades is only growing.

As a highly acclaimed artist in Latin America, four awards await her at the VMAs this year, with Artist of the Year and Best Collaboration for TQG with Karol G among them.

The event will be held on September 12th in the US and broadcast the day after at 9 pm on MTV UK.

Shakira, Gerard Pique End Their Feud

An end to hostilities has been declared as Shakira and Gerard Pique wave the white flag.

Reports from the lifestyle edition of El Confidencial state that both parties have agreed to remain civil and avoid further disagreements.

It seems that all parties involved are living up to the requirements of their separation agreement, as a close source within his inner circle has reported.

There are no difficulties in sight. The same source confidently declared: "Everything is running smoothly-it's safe to say so without hesitation."

READ MORE: Shakira's Life-Changing Decision After Highly-Publicized Split From Gerard Pique Happening Next Month

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