The hour-long show on XM's Deep Tracks Channel 40 will feature all music hand-picked by Dylan, who will also interview a variety of guests, the network said in a news release.
"Songs and music have always inspired me. A lot of my own songs have been played on the radio, but this is the first time I've ever been on the other side of the mic," Dylan said in a statement. "It'll be as exciting for me as it is for XM."
Dylan's show will debut in March 2006.