The X Factor finalist is currently recording the album ready for its release on September 12, with her label Syco setting up the collaboration, reports The Sun.
The label have allegedly invited Lady GaGa, Britney Spears and Rihanna songwriters to contribute to the record, with the possibility of Rihanna featuring after the Bajan star reportedly revealed to being a fan of the 17-year-old singer/rapper.
"We are exploring exciting collaborations," a spokesperson for the label confirmed.
It has also been revealed that Lloyd's debut single will be titled 'Swagger Jagger', but no release schedule has yet been announced, though the video for the single is due to be shot soon following a casting call for dancers.
Since finishing fourth in The X Factor last December, Lloyd has recorded most of her debut album in Los Angeles with producers RedOne and The Runners.
The album's sound was recently described as "swag pop", and branded "ingenious".
Watch Cher Lloyd's first audition for The X Factor below: