MTV News reports that in an interview with Tim Westwood, the rapper and singer said that the Young Money labelmates have been collaborating on a record which they plan to complete this year.
"I'll be on [Lil Wayne's next album Tha Carter IV], though... We've done a great song... and then we're going to do another one, and another one," he explained.
"We still got to do that album. I heard some other guys are coming out with an album, too. There's two other rappers that are coming out with an album together... I don't know where they got that idea."
Asked if he was referring to Jay-Z and Kanye West's upcoming record, Drake responded: "I just caught wind of it through the grapevine, that there's some other album coming out with two guys rapping on it too."
No further details about the collaboration are currently available.