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Jay-Z is already plotting his return to rap.

The Island Def Jam Music Group President racked up a plethora of accolades in 2004, but has opted to served double duty as CEO and artist.

The rapper “retired” from Hip-Hop in 2003 following the release of The Black Album and publicly stated that it would take a “miracle” for him to return.

Amidst the emergence of numerous freestyles on the Net and a recent visit to New York City’s Hot 97, Jay-Z recently confirmed what many speculated.

“I won’t tour, and I am taking a break, but I’ll be back,” He confessed to the Page Six Column in the New York Post. “I am planning on recording again.”

Sources speculate that a new studio album could be offered from Jay later this year. Additionally, Jay reportedly has albums from Memphis Bleek, Young Gunz and Foxy Brown lined up this year.