Lil Wayne has confirmed that his 11th studio album 'Tha Carter V' - which drops in May - will be his final solo effort. The 31-year-old rapper is reportedly planning to retire and focus on collaborations.

Lil WayneLil Wayne's Album 'Tha Carter V' Will Be His Last

He told MTV: "I personally plan on this being my final solo album, yes, and it's definitely the final Carter album. It's the final Carter album. It's stopping at five."

He joked that he would only consider another solo album for $25-35 million, adding, "I didn't smile when I said it."

The star also has commitments to his Young Money Entertainment label, which he founded in 2005, signing Drake, Nicki Minaj and Tyga. He is also thought to be working to establish his newcomers Euro, PJ Morton and Chanel West Coast.

"I plan on it being my final solo album. Whenever I have to pitch in for a Young Money album, a 'Like Father, Like Son' album and something like that and maybe something out the blue," he continued.

Watch the video for Lil Wayne's Ma Nigga (Remix) (Explicit):

Still, Weezy confirmed that he's still working hard on Tha Carter V and intends it to be as good a record as possible. "It seems like it will be impossible for me to work this hard again for anything else."

In September 2012, Lil Wayne passed Elvis Presley as the male with the most entries on the Billboard Hot 100 chart, with 109 songs.

Lil Wayne's album 'Tha Carter V' will be released on May 5.