The X Factor winner, who was dropped from Simon Cowell's record company Syco in April, spoke to The Sun about some "exciting" new developments in his career.
"I had a very exciting meeting last weekend," he revealed. "I'm going to be very busy over the next couple of weeks, put it that way."
McElderry could confirm next week that he will release a follow-up to his debut LP Wide Awake with another record label.
The 'Ambitions' singer further expressed hope that Cowell would support his new deal and witness his participation in the Popstar To Operastar final tomorrow.
"I just hope Simon Cowell is watching," he said. "Maybe he can tune in on Sunday and see what he's missed!"
McElderry will compete against Bucks Fizz singer Cheryl Baker in the Popstar To Operastar final, which airs Sunday at 8pm on ITV1.
Watch the video for Joe McElderry's 'Ambitions' below: