"A brand-new studio album is on the way and both Warner Bros. Records and Eye are quite pleased with the results of the negotiations and look forward to a fruitful working relationship," says the press release that currently has everyone fawning over Prince.

The first part of the deal will see a reissue of Purple Rain, which is set to be digitally remastered for a 30th anniversary edition special. That's great, obviously, but we've all got our fingers crossed for new material.

Head here to listen to our Essential Prince Playlist whilst you wait for details of the new album.

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