Clinton officiate the swearing-in using a bible that was previously owned by President Franklin Delano Roosevelt, on loan from the FDR Presidential Library and Museum, according to the statement.
The former U.S. president, who lives just outside of New York City and has offices in Harlem, was a former boss to de Blasio who had served as a regional director at the Department of Housing and Urban Development, or HUD.
But de Blasio also worked as a campaign manager for Secretary of State Hillary Clinton, helming her 2000 run for Senate.
Secretary Clinton will be attending the ceremony as well, de Blasio's office said.
"Wednesday's ceremony will be an event for every New Yorker from all five boroughs, and Chirlane and I couldn't be more excited to have President Clinton and Secretary Clinton stand with us," said de Blasio in a release.
His office released 1,000 free tickets Thursday for public to attend the inauguration ceremony, which will take place at 12 p.m. on the steps of City Hall. The tickets effectively sold out in less than 90 minutes.