My Bloody Valentine may end up releasing an album before the end of 2007, say reports.

The shoe-gaze rockers' last album was 1991's critically-acclaimed Loveless, but according to the Daily Swarm, frontman Kevin Shields revealed the plans in a TV interview with Ian Svenonius.

Svenonius claims that Shields told him: "We were making a record in the '90s, around when the band broke up in 1995...and I continued with Bilinda [Butcher]. We kinda made most of an album.

"[The new album is] going to be this 96/97 half-finished record finished, and then a compilation of stuff we did before that in 1993–94, and a little bit of new stuff.

"I pretty much know what the one that's going to come out this year is going to sound like because it's already pretty much three-quarters done already.

"It sounds like what we sounded like - different but not radically different. People will go, 'Yeah, it sounds like My Bloody Valentine'."