Neil Young has reportedly completed work on an upcoming album, which is nothing new for the prolific singer-songwriter. The big news here is that the record is supposedly an all-covers project with Jack White.

According to Days of the Crazy-Wild, Young and White recently wrapped completion on a collaboration album that most likely started last April, when Young recorded a cover of folksinger Bert Jansch’s 'Needle of Death' at White's Nashville-based Third Man Recording Booth on Record Store Day.

Days of the Crazy-Wild says that a source close to the project has confirmed that the pair recorded an entire album together. While no release date has been planned, the record will most likely come out on both White's Third Man Records and Young's current home at Warner Bros.

Last month, the Young news site Thrasher's Wheat reported that the duo had completed a record, stating that the project consists of a dozen songs. According to rumors, the record will include 'Needle of Death,' Phil Ochs' 'Changes,' Bob Dylan’s 'Blowin’ in the Wind,' Gordon Lightfoot’s 'Early Morning Rain,' Ivory Joe Hunter’s 'Since I Met You Baby' and Tim Hardin’s 'Reason to Believe,' all of which Young performed during last year's Farm Aid concert.

For now, Young's and White's reps and record companies are keeping quiet on the matter.