Lil Wayne's homecoming party will be one for the history books. In addition to news that the Young Money rapper is set to take the stage for a concert within the first 24 hours of his release from Rikers Island, his highly-anticipated 'Tha Carter IV' album will also drop on the same day.

Young Money president, Mack Maine, told MTV that the fourth installation in 'Tha Carter' series will be ready by Wayne's freedom date. "Tha Carter IV' plans we had and still have are to put 'Tha Carter IV' out the day he comes out [of prison]," Mack said. "He had so many songs for 'Tha Carter IV, we said let's just put these 10 songs out on ['I Am Not a Human Being]' and double-back for 'Tha Carter IV.' He has more songs for 'Tha Carter IV' that are still strong." 'I'm Not a Human Being' is set to drop on Wayne's birthday, September 27.

Mack explained that despite Weezy's confinement, the New Orleans emcee has been an active part of the song selection process for the album. "We had a listening session out here," Mack continued. "It was me, Baby and Cortez. I let [Wayne] know these are the ones we picked. He already picked six of them from back there. I let him hear it over the phone. I book him a studio session -- kinda like I did for the 'Light Up' remix with Drake. I book him a studio session and let him listen over the phone. 'Do you like this one' 'Yeah?'"

According to Mack, the most difficult decision will be whether or not to release singles from the album before its shelf date. "We might just drop the album that day," Mack said. "Just hope it don't leak out and drop it that day. I think it would be crazy, the anticipation."

The current plan for Lil Wayne's welcome home concert is a Young Money show at New York City's Madison Square Garden. The incarcerated rapper has a tentative prison release date of November 5.

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