While rumors have been circulating for months about Jay-Z's post-Def Jam future, an item in the New York Daily News' Rush & Molloy column today posits a new theory. The gossip writers claim to have heard that Jay is partnering with Nas for a new album of duets called The Kings Of Hip-Hop. They go on to say that it will be released in early 2009 on Jay-Z's new label, Carter Music Group, although they do not speculate on who Jay will partner with for the label. Nas is currently signed to Def Jam for a four-album deal, of which he has completed one album, 2006's Hip-Hop Is Dead.

CLICK HERE to read Rush & Molloy's original report.