Iovine, a music industry staple, was tapped by one Billboard source as taking over all of Apple's music strategy and cultivating Cupertino's relations with labels and publishers.
There's no word on what Dr. Dre (née Andre Young) would be up to once he entered Apple's ranks.
No one is forgetting
Word on the web is Dre and Iovine are preparing to sell Beats to Apple for US$3.2 billion (AU$3.4b). The deal could be announced sometime this week, though it will likely take over two months to close.
Since that's the case, Billboard surmised Apple may hold off on introducing Iovine and Dr. Dre as Apple employees until all the i's are dotted and t's crossed.
Known for its line of high-end-yet-questionable-quality headphones, most industry observers recognize Apple is likely gunning for Beats Music, the company's streaming service, to bolster its stuttering iTunes and iTunes Radio.
What's more, our own Gary Marshall posits Apple is looking to take on Beats' top talent, a theory that lines up nicely with Billboard's report.
Sign up for Black Friday email alerts!
Get the hottest deals available in your inbox plus news, reviews, opinion, analysis and more from the TechRadar team.
Michelle was previously a news editor at TechRadar, leading consumer tech news and reviews. Michelle is now a Content Strategist at Facebook. A versatile, highly effective content writer and skilled editor with a keen eye for detail, Michelle is a collaborative problem solver and covered everything from smartwatches and microprocessors to VR and self-driving cars.