Iconic recording star Madonna is set to close out a 27-year relationship with Warner Records by releasing a Greatest Hits album this fall !

While the project will be jam packed with some of Madonna's biggest hits, the icon's long-time publicist has confirmed that Madonna will indeed hit the studio to record a few new songs for the project.

"Madonna does have plans to go into the studio to record a few new songs for this album," the singer's long-time publicist tells PEOPLE.

News of Madonna's 'Greatest Hits' album comes nearly two years after she signed a reported $150 million deal with Live Nation.

Madonna has sold well over 200 million albums since the release of her self titled debut in 1983.

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