Yes! It’s that time of year again!

Madonna Preparing For Her Oscar Bash!

Sure, the Oscars are going on this weekend, but we might be a leeeettle bit more excited for Madonna’s Oscar party!

The fun is going down again this year with the super fab bash being held Sunday night at the El Lay home of her manager, Guy Oseary.

And the star power will be out in full force for the party as Anne Hathaway, Leonardo DiCaprio, Salma Hayek, Jessica Chastain,Naomi Watts and Bradley Cooper are ALL expected to attend.

Oh, and did we mention Katy Perry and John Mayer will also be there! Think she’ll be wearing that suspicious ring??

All we know is we can’t wait to hear the shocking, HIGHlarious and possibly naughty stories the morning after!