While the official list is not published until Dec. 31, Corden is expected to be made an OBE for his "services to entertainment and charity."
It is also expected that actress Joan Collins will be made a dame when the list is published next week.
Corden stars as The Baker in the Disney screen adaptation of "Into the Woods," which arrived in theatres Dec. 25. Next year, he will succeed Craig Ferguson as the host of CBS' "The Late Show."