It was reported last week that Jay-Z may have possibly announced a new album title, though nothing to that extent has been confirmed.

But what has been set in stone is that Hov will be making a "major announcement" on Monday, May 14th in Philadelphia.

Based on information from Jay's label, Roc Nation, the Brooklyn rap legend will join Philly mayor Michael Nutter on the city's Art Museum steps to reveal his upcoming endeavor.

There haven't been many details released in regards to next week's announcement, but word from the Philadelphia Daily News is that it could possibly be a July 4th performance with veteran rap group, The Roots.