Carnival organisers confirmed on the event's official Facebook page that an online stream would be available on the August Bank Holiday weekend, although further details have yet to be released.
Caribbean carnivals from around the world, including Leicester and Toronto, have shared live performances online already this summer.
2020 would have marked the 53rd year since the parade was first staged in Chapeltown by the first generation of Caribbean migrants to settle in Leeds.
The event attracts large crowds and would not have been compatible with social distancing restrictions. Over 150,000 people usually attend. It has also been difficult for the Carnival committee to hold planning meetings during lockdown.
Dr Arthur France, the Carnival's founder, has already promised it will return 'bigger and better' in 2021.