Touring vocalist Durga McBroom-Hudson, who sang backup for the band in the 1980s and 1990s, further confirmed the news on his Facebook page by posting a photo from a recording session and saying the record will consist of "all unreleased material.
"The recording did start during 'The Division Bell' sessions (and yes, it was the side project originally titled "The Big Spliff" that [Floyd drummer] Nick Mason spoke about). Which is why there are Richard Wright tracks on it. But David and Nick have gone in and done a lot more since then. It was originally to be a completely instrumental recording, but I came in last December and sang on a few tracks. David then expanded on my backing vocals and has done a lead on at least one of them. That's the song you see being worked on in the photo."
The band's engineer Andy Jackson has also confirmed the news and Gilmour's manager hinted to Floydian Slip that an official announcement would come this Monday (July 7th).
If the reported news is true, the album would be in time for the 20th anniversary of the band's final album, The Division Bell in 1994. The material on the new album would have likely been recorded around the same time.