In a statement to fansite True To You, Morrissey suggested that he will wait until he gets a new record deal before the material is released
He said: "The follow-up to Years Of Refusal is ready and fluttering wildly against the bars. There is still no record label and the years shuffle like cards. My talents do not lie in DIY."
Of the poor commercial performance of his latest hits compilation, he added: "With Very best of I face my first ever non-chart placing - which I shall bear with dignity, although I could never be unkind enough to express my views on EMI's failings.
"It was John Lennon who coined the phrase 'Every Mistake Imaginable'. I shall not repeat it here."
Regarding his comments about the royal wedding in a recent interview, Morrissey said: "If my Front Row (Radio 4) interview sounded chopped and cropped, that's because it was. I had spoken fluently about the royal dreading, but an Iranian censorship confiscated all of my views.
"It is distressing, but in all manner of British media in 2011 we are only allowed to hear the same old thoughts and feelings expressed over and over and over again."
Morrissey this morning confirmed a series of new live dates.