The DJ supergroup, consisting of Axwell, Steve Angello and Sebastian Ingrosso, will release the LP on October 25.
The record is a collection of each Mafia member's solo work to date, including their recent collaboration with Pharell Williams, 'One', which peaked at number two on the UK singles chart in June this year.
Solo contributions including Axwell's 'I Found You' and Ingrosso's remake of Robin S.'s 'Show Me Love' will also feature, as will remixes of MGMT's 'Kids', Daft Punk's 'One More Time' and Coldplay's 'Clocks'.
The album further serves as the soundtrack to the film documentary Take One, to be released on DVD in November.
The movie follows the DJs as they tour across the world.