The Britpop group will be the recipients of the 'Outstanding Contribution to Music' award at this year's Brits and will also perform at the prestigious event.
Talking about their win, Corden told The Sun: "Damon is a shining light in British culture so I always get slightly starstruck. It will be an honour to be in the same room as him."
He added: "Blur winning their 'Outstanding Contribution' award will be special. There hasn't been a more important band."
Frontman Damon Albarn recently confirmed that the band have started to work on new material together and confessed that he still gets an "amazing feeling" when performing as part of Blur.
The Brit Awards 2012 will be held at London's O2 Arena on Tuesday, February 21, and will be broadcast live on ITV1.
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Watch the music video for Blur's 'Parklife' below: