Enrique, 38, and Minogue, 45, collaborated on the track 'Beautiful' but their labels are yet to decide the release date of the song, reported Daily Star.
"I'm hoping the duet will be released as the next single but I know there's been a few problems between the record companies because she is on a different label," Iglesias said.
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"It's all politics. There was a moment when the record companies were fighting back and forth, but in the end Kylie and I spoke and we will make it happen," he added.
The pair, who are both set to release new music this year, will shoot a video for the song in March.
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