Diddy Hot New 'MMM' Album Release Date, Cover Art, Tracklist & Stream: Rapper Set to Drop 'Money Making Mitch' in June [Watch]

Diddy is now set to release his first studio album in five years, simply titled "MMM," in June.

In February of last year, the Harlem native announced he was working on a new project, which is expected to be executive produced by his Bad Boy Records signee, French Montana.

Diddy took to his Instagram account on May 13 to reveal that the follow-up to his Dirty Money record "Last Train to Paris" will be arriving on June 29 when he posted a photo of Michael Jordan playing against the Los Angeles Lakers.

Shortly after the announcement, Vic Mensa re-posted the image on his account, teasing his involvement in "MMM," which stands for "Money Making Mitch."

The "Hello Good Morning" hitmaker also shared a snippet of a track off his upcoming LP, which samples Jay Z's 1996 hit "Brooklyn's Finest" featuring The Notorious B.I.G.

Meanwhile, P. Diddy announced via Instagram on April 19 that Kanye West has been added to his crew of super producers, The Hitmen. This means he may be teaming up with the Chicago emcee on his forthcoming record.

Bad Boy Records CEO also has confirmed producing the G.O.O.D. Music boss' highly anticipated seventh studio album, "Swish."

Diddy, who already has a production credit on "Swish" single "All Day," was recently asked in an interview with Billboard if he is executive producing West's latest project.

"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 Yeezy's upcoming record, the "Last Night" rapper 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."

In addition, Diddy is also getting ready for his world tour this summer, as he recently announced during his guest appearance on "Ellen."