Foo Fighters, LL Cool J and more will also be inducted.
Other inductees in the performer category, which honors bands and solo artists who have created music whose originality, impact and influence has changed the course of rock & roll, include The Go-Go's, Foo Fighters and Todd Rundgren.
This marks Turner's second spot in the Rock & Roll Hall of Fame, as she was inducted in 1991 as part of Ike & Tina Turner. King is already in the hall as a songwriter, and will be going in this time as a performer. Foo Fighters frontman Dave Grohl will be inducted for a second time too, as he is already in the hall as a member of Nirvana.
It was additionally announced on Wednesday that the Musical Excellence Award, which is given to artists, musicians, songwriters and producers whose originality and influence creating music have had a dramatic impact on music, will go to LL Cool J, Billy Preston and Randy Rhoads.
The Early Influence Award, which honors a performing artist or group whose music and performance style have directly influenced and helped inspire and evolve rock & roll and music that has impacted youth culture, will be presented to Kraftwerk, Charley Patton and Gil Scott-Heron.
This year's Ahmet Ertegun Award, which is given to non-performing industry professionals who have had a major influence on the creative development and growth of rock & roll and music that has impacted youth culture, will go to Clarence Avant.
"This diverse class of talented Inductees reflects the Rock Hall’s ongoing commitment to honor artists whose music created the sound of youth culture," John Sykes, Chairman of the Rock & Roll Hall of Fame Foundation, said. "It will make for an unforgettable live celebration of music in October at this year’s Induction Ceremony in Cleveland."
This year's inductees, who were selected from an international voting body of more than 1,200 artists and members of the music industry, were announced as nominees in February.
Iron Maiden, Mary J. Blige, Dionne Warwick, Kate Bush, Devo, Chaka Khan, New York Dolls and Rage Against the Machine were nominated, but not selected to be inducted this year.
Whitney Houston, Depeche Mode, The Doobie Brothers, Nine Inch Nails, The Notorious B.I.G., and T-Rex were inducted last year.
The 36th Annual Rock & Roll Hall of Fame Induction Ceremony will take place on Saturday, October 30, 2021 at 8 p.m. ET in Cleveland, Ohio. There will be a radio simulcast on SiriusXM’s Rock & Roll Hall of Fame Radio channel 310. The Induction Ceremony will air at a later date on HBO and stream on HBO Max.