Lloyd Looking to Sign With New Label

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.