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(AllHipHop News) Rap mogul Irv Gotti will be returning to the music business as part of a new talent management firm being launched by Lyor Cohen.

According to the New York Post Lyor Cohen has tapped Irv Gotti to work with him in the new, unnamed company.

They are already working on advising two high-profile clients – Kanye West and Drake.

Lyor Cohen, who left the top spot at Warner Music Group in September, has a long history with Irv Gotti.

Irv Gotti’s record label Murder Inc., was partially owned and distributed by Def Jam, while Lyor Cohen was running that company.

Murder Inc. produced hit album from artists like Ja Rule and Ashanti, while Irv Gotti was an in-demand producer, crafting hits for artists like Jay-Z, DMX and others.

But Irv’s career suffered a major setback in 2005, when the government indicted him and his brother Chris, for allegedly helping drug kingpin Kenneth “Supreme” McGriff launder drug proceeds.

Both men were acquitted of all charges, but the trial and negative publicity surrounding it helps cool Irv Gotti’s career, depsite being featured in a hit reality show “Gotti’s Way.”

So far, details Lyor Cohen’s new company are scarce.