A giant guitar at a music festival
A giant guitar is pictured during the Hellfest music Festival in Clisson, western France, June 20, 2014. REUTERS/Stephane Mahe

Pink Floyd is going to release its first album in 20 years in October 2014. The album is going to be called "The Endless River," which is based on 1994 sessions.

It was novelist and songwriter Polly Samson who disclosed the news on Twitter. Samson happens to be the wife of the guitarist and vocalist of Pink Floyd, David Gilmour. The British rock band attained international recognition with their progressive rock music. According to Samson - the co-writer of six songs of the band's last album, the coming album will be Rick Wright's swansong. Wright, who was the keyboard player of the band, passed away in 2008.

Even though Pink Floyd turned out to be a cult figure in modern rock music, the band may not have much left to offer. After wright's death, Drummer Nick Mason and Gilmour became the only survivors. Even though singer Roger Waters is still there, the co-founder apparently does not have an amicable relation with the band any more. The reported turbulence in the relation started in 1983 after the release of "The Final Cut." Wright, Mason and Gilmour did regroup in 1987 and produced a highly successful album in the name of "The Division Bell." That was the last time Pink Floyd released an album. Gilmour released a solo album in 2006. Samson wrote lyrics for the album titled "On an Island."

Only days back on July 1, Pink Floyd reissued "The Division Bell" on the occasion of the 20th anniversary of the album. Now, the declaration comes from one of its songwriters that some of the unreleased recordings from the sessions of the last album would be used to form its new album, likely to release in October.

This is, however, not the first time old recordings are used to form an album. Michael Jackson's album "Xscape" was released on May 13, 2014 five years after the death of the pop icon. The title track, which had been recorded for Jackson's album "Invincible" in 2001, was eventually used in 2014.

Contact the writer: s.mukhopadhyay@ibtimes.com.au