"Toronto, I got one question for you ... Is you all ready for this album?" he asked the audience during a surprise appearance at Drake's OVO Fest in Toronto. "I'm not talking about Pablo. I'm not talking about Views. I want to ask y'all, y'all ready for this album?"
Later Drake, 29, took the stage to further clarify.
"What my brother was asking before was, are you ready if we make an album?" he said. "That's what he was asking."
Their joint project would be a highly-anticipated follow-up to West's The Life of Pablo, which was released in February, and Drake's Views, which dropped in April.
While no other details were made known about their collaboration, one glaring issue to be worked out would be which platform the music would be released on. Both artists released their latest albums exclusively on their streaming services of choice. West sided with TIDAL, while Drake opted for Apple.
That conversation will give Kanye a chance to brush up on his negotiation skills, which is a talent that could come useful in his presumptive run for office in 2020.
After first announcing that he would make a presidential bid in 2020 at the MTV VMAs last year, the GRAMMY winner recently spoke to BBC Radio 1 about how he's still up for the challenge.
"When I talk about the idea of being president, I'm not saying I have any political views," West said in the interview on Monday. "I just have a view on humanity, on people, on the truth. If there is anything that I can do with my time and my day, to somehow make a difference while I'm alive I'm going to try to do it."