As DX announced yesterday, Kanye West is rumored to be releasing an album by year's end [click to read]. Various unconfirmed reports surfaced that Ye's next single titled "Love LockDown" will be available on iTunes this coming Monday. Heads have been spinning trying to verify the rumors, but now it looks like we might all be getting that highly anticipated confirmation from the man himself.

According to XXLmag.com, Kanye West is set to announce his new album this weekend at the MTV Video Music Awards. A source in Kanye's management camp told XXLmag late yesterday that "official word" on the new album will be coming Sunday night during his "explosive finale" closing out the show.

Last year, Kanye released his third album titled Graduation, and defeated 50 Cent in a much-publicized first-week sales showdown. The two rappers appeared on last year's VMAs to promote their projects and the musical rivalry.

The VMAs air live on MTV Sunday, September 7 from Los Angeles.