Adele is currently working on her highly anticipated third studio album, which might feature Lady Gaga and Harry Styles.

The "Applause" singer took to her Instagram account on Jan. 22 to possibly hint at her new collaboration with the British artist. "Nothing like a Wednesday night bro-down with the beautiful Adele," she captioned the image following a red rose emoji:

A photo posted by @ladygaga on Jan 22, 2015 at 12:51am PST

Adele was also spotted dining with the One Direction heartthrob, accompanied by longtime partner Simon Konecki, manager Jonathan Dickens and director Ben Winston, at Craig's in West Hollywood on Jan. 20.

According to Us Weekly, spotting Jennifer Lawrence sitting with a group of friends, the "Rumor Has It" singer went up to her booth to say hello and chat briefly. "They exchanged a bunch of laughs for quite awhile before Adele rejoined her table," a source revealed.

Ever since then, it is speculated that Styles might appear on Adele's latest project, which is not expected to arrive until the end of the year.

A source close to the "Someone Like You" hitmaker's team told Music Business Worldwide that "logically, there is now almost no chance," of the long-awaited record being ready for release before "the second half of 2015."

Another source suggested she may not even drop her latest project this year: "The album will be released when it's ready -- [we] hope that will be at some stage in 2015. That's all I can tell you right now."

The source added all parties working with the "Rolling in the Deep" crooner -- including Columbia Records, U.K.'s XL/Beggars, as well as management company September -- are actually supportive of her taking her time with the upcoming LP.

Similarly, Adele's producer Paul Epworth told Billboard recently, "I've got nothing. There are no clues. That will come when it's ready."

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