Good news for Madonna fans: your Material Girl is headed back to the studio and is said to be working on a new album!

Madonna is currently promoting a new film titled “W.E.” at the Venice Film Festival, and while doing interviews, she decided to drop some hints about a possible new album.

“I’ve started a little bit of work in the studio,” she told a Swedish reporter, adding that she plans to return to New York and work on it through the end of this year.

Madge’s next album will be her 12th album, and her first since severing ties with Warner Bros. Records and signing a new deal with Live Nation. Her most recent album “Candy” was released in 2008 under Warner Bros. and debuted at No. 1 on the Billboard 200, later going on to sell nearly 4 million copies worldwide.

A single for Madonna’s next album is due in February or March 2012 with the album’s release to follow shortly thereafter. “I’m looking forward to working on it,” she said.

Are you looking forward to a new Madonna album?