Earlier this morning a video with Craig Davis, the vice president of urban promotions at Capitol Records, was posted on YouTube, claiming that 50 Cent had signed with the label. Insiders at G-Unit have confirmed with XXLMag.com that a deal has not been made.

In the clip, Davis says that Capitol recently recruited Fif and Lloyd Banks—who is currently a free agent, since getting dropped from Interscope. G-Unit insiders deny the validity of these statements.

The Queens native is currently gearing for a series of tour dates in Brazil and the Democratic Republic of Congo with Banks and Yayo. The G-Unit soldiers will start their trek at Wet n’ Wild on July 9 in Salvador, Brazil and conclude in Brazzaville, Congo’s Stade Massemba-Débat. —Elan Mancini