Singer Lloyd has been relatively quiet since departing from Irv Gotti and The Inc. Records, but according to reports, he's about to be making some big news.

A source close to Bossip.com claims that Lloyd has been spotted in NYC, working on new material, recording in various studios and allegedly signing with a very high-profile label. While the website's sources differ on the label, the singer appears to be signing with either Jay-Z's Roc Nation or Lil Wayne's Young Money.

While either affiliation would be a good look for the singer, Young Money seems like a more likely choice on paper, as Lil Wayne appeared on Lloyd's 2009 single 'Pusha,' and Lloyd rapped on Young Money's 'Bedrock,' the latter a single from the 'We Are Young Money' album.