Chris Rock and Prince heading to "Saturday Night Live"

Chris Rock will be live from New York next month for "Saturday Night Live."

The comedian and former "SNL" cast member will host the show on Nov. 1, it was announced Tuesday. He'll be joined by Prince as the night's musical guest.

Rock was part of the "Saturday Night Live" cast from 1990-1993. He's only hosted the show once before, back in 1996. Prince was previously an "SNL" musical guest in 1981 and again in 2006.

The NBC sketch show is marking its 40th anniversary this year, and Rock is now the third former cast member to return and host this season -- Bill Hader and Sarah Silverman have also returned in recent weeks.