Rapper Lil Kim has joined Jay-Z's management company, Roc Nation, and Kim's fellow Brooklynite will executive produce the album as well.
A number of sources have reported the news, including gossip blogger Perez Hilton. No formal announcement has been made even though one is expected shortly.
"Although she's seen better days, Lil Kim is ready to make a musical comeback! The rapper officially signed a record deal with Roc Nation. Jay-Z is even expected to produce her next album. Interesting," said Perez Hilton.
More on the signing as news develops.