SEE ALSO: PSY faces villa seizure over unpaid fines, Later resolved

According to an official from YG, Psy will be returning with a new studio album in May.  This will mark a year and a half since he released his 7th album 'Chiljip Psy-da.'

The official from YG Entertainment stated, "We are unable to reveal the exact date at this time. However, Psy's 8th album is currently in its finalizing stages and has been confirmed for a May release."

Taking the world by storm with hit songs like "Gangnam Style" and "Gentleman" setting top records for views on YouTube, many are anticipating the singer's next sensational move.

YG Entertainment also added, "Psy has already filmed two of his music videos for his 8th album. They are both well thought out projects, so please look forward to them."