It is also being said Cyrus will produce the album, reported Aceshowbiz.
Previously, Cyrus said in an interview with Marie Claire that she planned to release what will be her fifth full-length for free.
Her manager Adam Leber confirmed the plan and was quoted as saying, "If RCA wasn't down the gratis plan, she was prepared to buy herself out of the label."
So far, there is still no official word on when the still-untitled album will hit the stores.