Kanye West is set to announce plans for a new album this weekend at the MTV Video Music Awards, XXLmag.com has learned.

Word of a new West project began to surface online when it was discovered a new single by the Def Jam star would be available on iTunes this coming Monday. A spokesperson for Apple could not be reached as of press time. "Love LockDown" is supposedly the single that will go on sale, but it has not been confirmed.

A source in 'Ye's management camp, however, told XXLmag.com late yesterday that "official word" would on the new album will be coming Sunday night.

It was announced yesterday that West will close out the MTV award show. It's being billed by the network as an "explosive finale." Last year, Kanye released his much-hyped third album Graduation, where he battled and bested 50 Cent in a first-week sales showdown. The two rappers appeared on last year's telecast of the VMAs to promote their projects and the burgeoning rivalry.

The VMAs air live on MTV Sunday, September 7 from Los Angeles.---Anthony Thomas, with reporting by Jayson Rodriguez