Kosovo singer Era Istrefi will also reportedly be featured on the Diplo-produced track.
"Nicky Jam and Will Smith are producing the new copa de futbol, they're doing it together", he said. The post has already amassed more than 500,000 likes.
"Men in Black" star Smith, 49, has enjoyed a successful acting and music career spanning more than three decades, during which he has racked up album sales of more than 9 million and earned two Oscar nominations.
It will be Smith's first foray into the music scene since 2015 when he featured in Colombian band Bomba Estéreo's "Fiesta".
Prior to that, Vibe reported that, according to reggaeton producer DJ Nelson, Smith and Nicky Jam were working on the song.
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The World Cup is nearly here. "Will Smith", written in Spanish.
Every World Cup needs a banging World Cup anthem to go with it and long behold, it appears as though the legend that is Will Smith is providing it this year.
We've seen our fair share of head-turning crossover collaborations over the past year, but you can bet the official FIFA World Cup song was bound to induce a couple of double takes.
The official song of Brazil was We Are One (Ole Ola) by Pitfall with Jennifer Lopez and Claudia Leitte, while the 2010 tournament in South Africa was remembered for Shakira's Waka Waka.
The official song is usually either performed at the opening or closing ceremonies of the competition, thus attracting a large number of viewers.
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