The cover version appears in their upcoming Muppets movie, to be released later this month in the US.
Former Nirvana drummer Dave Grohl will appear in a cameo role in the film, where he will join Animal on drums.
The soundtrack will also feature covers of Cee Lo Green's 'Forget You' and Starship's 'We Built This City'.
The Muppets will star Jason Segel and Amy Adams and will include cameos from Lady GaGa, Ricky Gervais, Katy Perry, Ben Stiller, Jack Black, Emily Blunt, George Clooney and Selena Gomez among many others.
The film will be released to cinemas in the US on November 23 and the UK on February 17, 2012.
Nirvana's original version has recently been chosen as the alternative choice for this year's UK Christmas number one race.
> Exclusive: The Muppets take on Bollywood - video trailer
Watch the official trailer for The Muppets below: