The Black Eyed Peas rapper is expected to unveil #willpower for a 2012 release.
The LP will be put out through the Interscope record label, which is a part of the Universal Music Group.
#willpower will be preceded by trailer single 'T.H.E. (The Hardest Ever)', which will feature Jennifer Lopez and was produced by Dallas Austin and Audiobot.
The producer also confirmed that he and Lopez will perform the track for the first time live during this Sunday's (November 20) American Music Awards ceremony.
A demo of the song leaked online earlier this year and included a feature from Mick Jagger, but it has not been confirmed whether the Rolling Stones member has made the final cut.
'T.H.E. (The Hardest Ever)' will be added to the US iTunes store following the performance.
#willpower will serve as the follow-up to will.i.am's 2008 record Songs About Girls, which included the Cheryl Cole collaboration 'Heartbreaker'.
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Listen to a demo of will.i.am, Jennifer Lopez and Mick Jagger's new single 'T.H.E' below: