Hip hop divas unite.

According to a new report, Jay-Z is set to work with Kanye West AND Timbaland on sessions for his new album.

Yeah, he's not retiring any time soon!

Early reports said that Jay's new stuff was going to be produced solely by Timbaland, but the hip-hop star has revealed that the sessions are more of a "musical competition" between his peers.

Hova says, "I'm a person that works off music. If Timbaland makes 10 great tracks then he produces the album, if Kanye West makes 10 great tracks then he produces the album; if he makes three, I'll take three. I let the music dictate the direction. You know I love Timbaland, he is like a brother to me, but until the music is done it's premature."

We can't wait to see what will come of all this.

They're all such big personalities. We wish we could be a fly on the wall of Jay-Z's studio!