The group announced the record's title via Instagram on Friday afternoon (September 6). It will be released on November 25, with pre-orders taken from Monday (September 9).
McFly's Danny Jones recently told Digital Spy that a track they've written for the boyband is likely to feature on the new record.
"I'm glad that they came to us because we can give them good music," said Jones. "They've had such good songs and we're privileged to be a part of that.
"For us it's not about making money and being there for a moment... it's about the musical satisfaction and we can give that to One Direction."
The former X Factor contestants' 3D concert movie One Direction: This Is Us opened last week in the UK and US to mixed reviews from critics.
However, it topped the box office on both sides of the Atlantic, earning £3.4 million on its opening weekend in the UK and just over $17 million in the US.
Watch a clip of One Direction talking to Digital Spy below: