Guns N' Roses to release new album in 2015

Guns N' Roses is set to release a new album next year after a gap of seven years.

The rock band is working on new material that could be released in 2015, reported Billboard magazine.

"We are working on stuff and hopefully very soon we're going to have new stuff out. Well, in the next year," said Guns N' Roses guitarist Richard Fortus.

Guns N' Roses' DJ Ashba said that the group's members have been recording ideas in their home studios and passing them around to each other.

"We're going to be in Vegas all together, so hopefully during that time we're going to be able to get in a room and start laying down some more stuff," Fortus said.

The band's last album 'Chinese Democracy' was released in November 2008. Prior to its release, the band had not put out new music since the "The Spaghetti Incident?" in 1993.