Taylor Swift to Perform and Present at Grammys

Taylor Swift to Perform and Present at Grammys
Taylor Swift

12/22/2009 AT 07:00 AM EST

Taylor Swift, whose eight Grammy nominations are second only to Beyoncé's 10, will be a performer and presenter at 52nd Grammy Awards in Los Angeles on Jan. 31, an inside source tells PEOPLE.

The 20-year-old practically stole the show at the Grammys last February by performing a duet with Miley Cyrus of the song "Fifteen," featured on Taylor's album Fearless.

That album has since gone five times platinum, picked up a slew of industry awards, and is nominated for Album of the Year and Best Country Album at the upcoming Grammys.

Still unclear: whether Swift would be open to doing a duet with Kanye West on her smash hit "You Belong With Me."

Watch the 52nd Annual Grammy Awards on Jan. 31 at 8 p.m. ET/PT,live on CBS – and catch up on all the news and style from the show on PEOPLE.com!

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