According to a report from JAM! magazine, a "reliable source inside the AC/DC camp" has indicated that the band is recording a new album which will utilize previously unreleased guitar tracks from late co-founder and rhythm guitarist Malcolm Young on all the songs.

The magazine's website reported, "Five years prior to the (2008) Black Ice LP, AC/DC's 15th studio release, Angus (Young, guitar) and Malcolm Young . . . literally wrote hundreds of songs, many were recorded and have been stashed away until now. Angus has decided to selected (sic) the best tracks from those recordings that Malcolm played on and is now back in the studio recording and mixing them with fellow bandmates Phil Rudd (drums), Cliff Williams (bass) and, yes, Brian Johnson on vocals."

Angus told us a while back that he and Malcolm stockpiled music over the years: "Yeah, there's a lot of ideas we've had all over the years. The two of us always done this. There was always riffs that we had that were good riffs and we never used, and that was the same for every album. We always borrowed bits and pieces from the past. As Malcolm said, sometimes you can be sitting there scratching your head for days, trying to come up with something new -- he said we might as well just look in what we've done before and go, 'Well, this might work.'"

The album will reportedly serve as a tribute to Malcolm, who co-founded AC/DC with Angus in 1973. Malcolm died in November 2017 at the age of 64 after suffering from dementia and failing health for several years. He retired from the band in 2014, just before the group recorded its most recent LP, Rock Or Bust.

AUDIO: AC/DC'S ANGUS YOUNG ON USING OLDER MATERIAL