The 'Purple Rain' hitmaker gave one lucky reporter from the Minneapolis Star Tribune a preview of his as yet untitled upcoming album, which is expected to be released later this year and includes a ''rare rap song'' he recorded with the British pop sensation.
Prince went on to reveal he wants to release the track, described as ''aggressive and menacing'', as soon as possible for it to stay current because ''time is money'' for celebrities like Rita who could make cash ''walking out of the house wearing a certain kind of makeup or sunglasses''.
The record - which is a separate project from his new 3rdEyeGirl collaboration, 'Plectrum Electrum' - will begin with an electro-funk song called 'The Gold Standard', followed by a ''complex electronic discourse'' tune.
It also features a ''joyful'' ballad named 'This Could Be Us', which was inspired by a meme of him riding on a motorcycle with his 1984 movie 'Purple Rain' co-star Apollonia Kotero.
The legendary singer lamented the delay between making music and singles being released by record companies.
He said: ''Every number one song, every Top 10 song, every song in the Top 40 is at least six months old. We should be able to make music and put it out now.''
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Martin Scorsese's upcoming 'The Irishman', featuring Robert De Niro, is reportedly moving to Netflix from Paramount.