Walsh, 61, who previously managed Boyzone, Westlife among others, auditioned thousands of singers to come up with a new pop group that contains fresh faces, reported Daily Mirror.
"I'm doing a brand new boy band that will be ready to go next year. They're going to rehearse for the month of January, see the record companies in February and take it from there," Walsh said.
"No familiar faces, all new kids that have never been on a talent show or anything. I auditioned a thousand," he added.
"In 2014 all I want is to be happy and well. I just love to work in this business," Walsh said.
"I'll go to Miami for the whole month of January. I go there three months of the year. I have an apartment and I just love it, it's the best place in the world," he added.