Spears and Timberlake are set to duet on Spears' new album according to Ok! Magazine. / Google Image Search

Ok! Magazine has confirmed what pop fans have wanted for years - a Britney Spears / Justin Timberlake reunion and collaboration.

The magazine is reporting that the song will be written by Timberlake and produced by mutual friend and producer Timbaland.

The song could end up being the first single released from Spears’ new album which is rumored to hit stores before Christmas.

Spears has been working on her album inbetween attending charity events and hanging out with sons Sean Preston, almost 3, and Jaden James, 22 months. After attending a recent Austism charity event put on by Jim Carrey and Jenny McCarthy, she went to the studio where she worked until after 2 a.m. in the morning.

For a walk down memory lane in the Spears-Timberlake world, click for more photos.

Tagged with: Britney Spears • Justin Timberlake • Music