Throughout the years, Fabolous and Jadakiss have had a close working relationship. Two veteran acts at Def Jam Records, these New York City MCs have appeared together on songs like DJ Khaled’s “Don’t Ever Play Yourself,” Jeezy’s “OJ,” and Uncle Murda’s “Right Now (Remix).”

Both close associates of Allen Iverson, having worked with the NBA Hall Of Fame inductee, there has long been speculation about a collaborative project. Appearing on The Breakfast Club this morning (September 15), ‘Loso updated fans, and offered a concrete timetable.

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“[Jadakiss] is my guy! We actually about to put out a project,” Fab’ told DJ Envy, Angela Yee, and Charlamagne Tha God (35:00), before being met with skepticism that the album has been delayed. “[It] definitely ain’t been two years,” the Brooklyn MC said to the hosts. “When you announce that you wanna do something, people think it’s coming out tomorrow. Like, you know what I’m sayin’?” Fabolous, whose debut Ghetto Fabolous, released 15 years ago this Sunday (September 11), has not released an official album since 2009’s Loso’s Way. That Def Jam release reached #1 on the charts.

“That’s this microwave generation that we in. But, you know, we actually have a couple of songs, and it’s gonna come. I want to try to bring it around Halloween. I think that Freddy Vs. Jason thing would be a cool.”  While only two are reportedly recorded, Fabolous says the project will complete at eight to 10 songs.

Recently, State Property’s Beanie Sigel also confirmed a collaborative project with Jada’.

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Asked if the two MCs will dress the part of the 1980s slasher-flick characters of Freddy Krueger and Jason Vorhees, Fab’ replied, “I can’t give all the, all the secrets away. You can’t get the whole recipe.” Previously, Jadakiss has worn the old school hockey mask associated with the Friday The 13th franchise. Freddy belongs to the rival Nightmare On Elm Street series.

Elsewhere in the Breakfast Club conversation (15:30), Fabolous attributed his own solo album delays to sample clearance issues. Particularly, the Street Fam MC was denied clearance of “My Jamaican Guy” by Grace Jones for “Doin’ It Well.” This 1982 Island Life track was famously used by LL Cool J for Mr. Smith hit “Doin’ It.”

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However, as Fab’ tells it, LL’s working relationship with Ms. Jones may have hurt his own chances. “That was one of the reasons that my last album didn’t come out: because we were banking on [‘Doin’ It Well’].” The a la carte single featured Nicki Minaj and Trey Songz.

Revealing what he believes to be the case, the onetime Desert Storm artist continued. “Now here’s a story! LL [Cool J and his manager went] to Grace Jones, sat [down for a meeting]— ‘cause she wasn’t clearing it for them. [After the discussion], she decided to clear it, but she wanted to be in the video — she wanted to be a part. They agreed. LL shot the video.” According to legend, the model and A View To A Kill Jamaican model, singer, and actress was never called. “I guess she might be low-key pissed,” deduces Fab’.

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In the interview, Fabolous recalls recording in DJ Envy’s mom’s basement, the initially poor reviews of Ghetto Fabolous, and his position to help younger, new artists.

Additional Reporting by Elvin Sabla.