Kanye West recently teased a brand new freestyle track, titled "I Want It All," which is rumored to be on his highly anticipated seventh studio album "Swish."

The Chicago emcee headlined Los Angeles' hip-hop and R&B radio station Power 106's annual PowerHouse Festival at the Honda Center in Anaheim on May 16.

West closed his set by performing "Heartless" -- a single off his 2008 album, "808s & Heartbreak"-- before transitioning into an unheard verse.

While producer Mike Dean continued the "Heartless" instrumental on the keys, the "All Day" rapper continued to rap. 

"Everything I do that's not perfect / Only makes it that, that, that much more perfect / Only makes it that, that, that, that much more worth it / Only, only, only, only every time when I short-circuit," he said. 

Yeezy then screamed "I want it all" repeatedly before wrapping up.

"I'll take it all, take every fall, break every law / Go through every wall, I don't give a f**k, I need it all," he added.

In addition, P. Diddy recently confirmed producing the "Only One" rapper's latest project.

Bad Boy Records CEO, who already has a production credit on West's "Swish" single, "All Day," was recently asked in an interview with Billboard if he is executive producing the upcoming record.

"I don't know yet," he said. "I'm definitely producing on his album, but I don't know how it's going to end up."

Although he hinted at his involvement with the forthcoming LP, Puff insisted that the final decision is up to West himself.

"It's up to Kanye and how he sees the album going," he added. "But we're definitely working together, producing a lot of records together and having a lot of fun."

Check out the preview of "I Want It All" freestyle below.