The model and businesswoman revealed on Twitter that she is working with 'Out Of Your Mind' songwriter Dane Bowers and producer David Anthony.
"I'm recording my 1st single 4 my forth coming (sic) album with Dane Bowers & David Anthony the producers x," she wrote, alongside a picture of the team in the studio.
Price, who has admitted that she finds singing and dancing at the same time difficult, previously discussed her desire to release an album and plans to work with Heidi Montag.
She released 'Free To Love Again' back in 2010, but was later said to have quit pop music after it only reached number 60 on the UK singles chart.
Price also collaborated with former husband Peter Andre on cover album A Whole New World, releasing the title track as a single and reaching number 12 on the UK singles chart.
She has always insisted that applying to take part in the Eurovision Song Contest in 2005 with pop song 'Not Just Anybody' is her only regret in life.
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Watch Katie Price perform 'Free To Love Again' on GMTV below: