The show will honor the legendary band during the star-studded ceremony in September.
Performers, as well as a date and location for the ceremony, have yet to be announced.
Bad Bunny once again leads the pack with an incredible 22 nominations.
Justin Bieber and Megan Thee Stallion are this year's most-nominated artists.
The night included performances by Karol G, Kali Uchis, Natti Natasha and Ricky Martin.
Here are all the most talked-about moments from Premios Juventud 2021.
Daddy Yankee, the king of reggaeton, was awarded the Agent of Change Award at the 2021 Premios Juventud awards on Thursday.
The band took the stage at 2021 Premios Juventud on Thursday.
The singer gave birth to a baby girl in May, and had a sweet family moment at the awards show.
The 27-year-old singer commanded attention during Thursday's awards ceremony.
The actor took to Instagram to celebrate his accomplishment.
The director was supposed to announce a different award winner.
ET spoke with Cynthia Erivo in the Hamptons, where she co-hosted the Saks Fifth Avenue summer party at the Parrish Art Museum.
The actress was recognized for 'Genius: Aretha.' She opened up about starring in remakes of 'Pinocchio' and 'The Rose.'
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