The guitarist will travel to Cleveland, Ohio for the event on April 14 along with all of the band's members to receive the honor.
However, Slash has revealed that there are no plans for them to perform together and they would decline if asked.
He told QMI: "Either it hasn't hit me yet or maybe it's been so long since I had anything to do with Guns N' Roses that I just don't really get it. And we're not playing. I would imagine that they asked us to play but I know that we're not playing."
The star also confirmed that former Guns N' Roses drummer Stephen Adler would attend the event, but is unaware if any of the other former bandmates will be joining them.
Slash will headline the second stage at this year's Download festival in the UK in support of his new record Apocalyptic Love.
Listen to Slash's new single 'You're A Lie' below: