The singer is said to have teamed up with will.i.am and producer Naughty Boy for a song titled 'Craziest Things', which is expected to feature on her third solo album.
A source told The Mirror that the song's lyrics will give an "insight into Cheryl's personal attitude to relationships".
Reports have suggested that Cole is currently deciding whether to include the track on her new album, which is yet to receive an official release date.
Meanwhile, it has been suggested that the Girls Aloud star has been offered her own late-night talkshow on Channel 4.
> Cheryl Cole could be US household name, says will.i.am
Watch the music video for Cheryl Cole's 'Parachute' below: