Justin Bieber and Mariah Carey Are Re-Recording "All I Want for Christmas Is You"

Credit: Jeff Vespa/WireImage.com; Jon Kopaloff/FilmMagic

Beliebers and Lambs have a reason to celebrate the season!

Justin Bieber's first Christmas album ever, Under the Mistletoe, will feature a duet with Mariah Carey, a press release for the album confirms. The duo will recreate Carey's original holiday classic "All I Want for Christmas Is You." (Carey, 42, originally released the hit in 1994 on her fourth studio album Merry Christmas.)

Bieber's Christmas album is a seasonal mix of traditional Christmas standards and newly penned holiday music largely co-written by the 17-year-old. It also features collaborations with Usher, Boyz II Men, Busta Rhymes and The Band Perry

Under the Mistletoe hits stores Nov. 1!