It's almost VMA time, which means all eyes will once again be on Kanye West and Taylor Swift. Seemingly every year since Kanye's infamous interruption in 2009 during Taylor's acceptance speech, fans, the media and other musicians have been on the edge of their seats, waiting to see what Ye will do next.

This year, however, we could see the latest chapter plaid out in the ongoing West/Swift saga, largely due to the recent controversy surrounding Kanye's "Famous" video and the lyric in the song which says, "I feel like me and Taylor might still have sex / I made that bitch famous."

Shortly after debuting The Life of Pablo-featured track, West disclosed that he got permission from Taylor to rap the line in the song. Swift has since gone on to insist that is false, even amid a Snapchat video which surfaced courtesy of Kim Kardashian West, revealing a phone conversation between Kanye and Taylor that noted her giving him permission.

Now to add insult to injury, Swift has been notably snubbed from this year's VMA nominations, while Kanye is up for 2016 Video of the Year and Best Male Video for the ever-controversial "Famous." In addition, Yeezy is expected to perform the much-talked-about song live during the awards show, and rumor has it that he may send shots at Taylor.

“Kanye is looking to do ‘Famous’ live on stage at the VMAs and would love to really rip into Taylor Swift during the performance,” a source told HollywoodLife.com.

“Also as we all know, he is bound to say anything when the mic is in his hand and he is ready to make many statements about many things including any stuff about Taylor. And if Calvin wants to join the stage with him, count Kanye being very interested into that as well,” the source adds, referring to Swift's ex, Calvin Harris.

One thing is for certain, you'll want to tune in on Sunday, August 28 at 9 p.m. EST when the VMAs are live from New York.

Get your popcorn ready!