JAY-Z CONFIRMS RECORDING OF 11TH ALBUM: Rapper performs track from 'The Blueprint 3' during Kanye West concert in NY.

*Jay-Z has finally admitted that he's been quietly recording a new album, "The Blueprint 3," which he says will be his last for Def Jam.
The rap mogul appeared as a guest during Kanye West's Glow in the Dark concert at New York City's Madison Square Garden Wednesday night and performed a West-produced song likely to appear on the new CD.

While performing, West asked the audience if he could play a few beats that he recorded while in Hawaii recently, including a song tentatively called "Jockin' Jay-Z." As the track played, Jay-Z himself crossed the stage and began rapping: "That bloke from Oasis said I couldn't play guitar // somebody shoulda told him I'm a f*cking rock star / today is gonna be the day that I'm gonna throw it back to you."

Jigga was referencing his cover of Oasis' "Wonderwall" at the recent Glastonbury Festival, which drew a mixed response and intended to mock Oasis front man Noel Gallagher, who had protested the rap star's invitation to headline the annual rock event.

According to longtime Jay-Z friend and Roc-A-Fella artist Memphis Bleek, West has more tracks that will be featured on "The Blueprint 3," which will be the rap star's 11th studio album.

"Kanye just brought him a new beat called 'Brooklyn,'" Bleek told Billboard.com. "You know Jay though, he's always changing his mind. It's going to be a masterpiece though. Kanye gave him some beats where I told Jay that I'm hating on him for having them. The beats are like new rhythms with old drums. Just picture Jay-Z having four records like 'Encore.'"

No date has been set for the album's release, reports Billboard.com. Afterward, Jay-Z will begin recording for Live Nation as part of a deal he signed with the company this spring.