Live It Up has been produced by Diplo and features Nicky Jam, Will Smith, and Kosovar Albanian singer Era Istrefi.
The Fresh Prince alluded to the track earlier in the week with a post on Instagram. He follows in the footsteps of Pitbull, Jennifer Lopez and Shakira, who've been involved in the previous two World Cup songs.
The first match takes place on 14 June.
Will Smith, who's put out a number of platinum and gold-selling albums, released a video showing the making of the song on his popular YouTube channel.
