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Four-time European Indoor champion Muir, 26, broke the British and European marks in 2017.
She sits second on the all-time list behind Maria Mutola, who has held the record for the past 20 years.
"I can't think of a better way to begin 2020 than with a world record attempt in front of a home crowd," Muir said.
"I feel that going quicker that two minutes 30.94 seconds is a real possibility, and I can't think of a better place to go for the record than in Glasgow and at such a world-class event.
"I know all about the Glasgow crowd from the European Indoors this year and I know they will be crazy as ever, so the opportunity to achieve something as historic as a world record with them cheering me all the way is really special."
At her last event at the Emirates - earlier this year - Muir won 1500m and 3,000m gold at the European Indoor Championships.(11/08/2019) ⚡AMP
Ranked as the best one-day indoor meeting in the world, the Müller Indoor Grand Prix returns to the Emirates Arena on February 15, 2020. The top-ranked indoor meeting in the world will feature the biggest athletics stars from across the globe aiming to start their Olympic and Paralympic year with a bang. One year on from hosting the most successful...more...