The notoriously media-shy Dylan had not made any comment on the 8 million crown ($900,000) prize, despite repeated attempts by award-givers the Swedish Academy to contact him since it named him as the winner on October 13.
Swedish Academy says up to Dylan if he wants to come to receive Nobel Prize
The Nobel Foundation said in a statement that Dylan this week told Sara Danius, Permanent Secretary of the Swedish Academy, that he now accepts the prize.
US songwriter Bob Dylan wins Nobel Literature Prize
The committee that awarded the Nobel Prize to Dylan had said it was up to him whether to attend the prize-giving ceremony later this year or not.
"It has not yet been decided if Bob Dylan will attend any events during the Nobel Week in Stockholm in December," the Nobel Foundation said on Friday.
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"The Nobel Foundation will share information as soon as it is available."
Separately, Dylan told British daily the Telegraph in an interview that he will be at Nobel Prize ceremony, if he can.
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