According to The Mirror, the Coldplay frontman - who will take to the stage with his bandmates at the ceremony on 9th September - has convinced Jigga to join the line-up.
A source told the tabloid: "They are putting together a spectacular set list – one likely to include a duet.
"It's going to be one hell of a show, and fans of both artists will be clamouring for tickets."
They continued: "The Paralympics has exceeded all expectation and, like the rest of the world, Jay-Z has been blown away by [the competitors'] bravery and athleticism.
"This will be a concert like no other, and a fantastic end to what has been the most successful Paralympics ever."
Martin has previously said it is "a great honour" to perform at the Paralympics closing ceremony, adding he hopes they can "try and create a performance... that will close London 2012 in style".
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