Parton covers Petty's "Southern Accents"

A video of the song also premiered on CBS Mornings as part of the show's "What to Watch" segment. "I was fortunate enough to get to know Tom over the years," said Parton. "He's such an iconic artist and important songwriter. I'm so honored to be a part of this special album and to be able to share my version of one of Tom's best songs, 'Southern Accents'."

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Trey Fanjoy directed the video, featuring home movies and professional footage of Petty throughout his life.

"Southern Accents" is out on June 21 via Big Machine Records in partnership with the Tom Petty Estate.

Executive produced George Drakoulias (Barbie, The Black Crowes, Tom Petty & The Heartbreakers) with Randall Poster and Scott Borchetta, artists include George Strait, Steve Earle, Willie Nelson with Lukas Nelson, Marty Stuart and The Heartbreakers' Mike Campbell and Benmont Tench. Luke Combs, Chris Stapleton, Wynonna Judd, Carly Pearce, Lady A, Margo Price, Rhiannon Giddens, Thomas Rhett and Lainey Wilson also are on the disc.

"Southern Accents" follows the release of Dierks Bentley's take on "American Girl."