AceShowbiz -

There could be a whole new album from Coldplay this year after a report said that there are many unused songs in the band's inventory. The Sun reported that the writing sessions of "Viva la Vida", released in June this year, was so productive that the cut songs can make up a new compilation set.

The band worked on "Viva" with producer Brian Eno and spawned an album which has successful chart history. It was sold 721,000 copies on the first week and went on going platinum in U.S. "The Viva La Vida sessions were incredibly fruitful," a source told The Sun. "They gelled brilliantly with Brian and recorded much more music than they could fit on one album."

Yet, the source added that the band may have to take time in the middle of their world tour to return to the studio to do some polishing and additional songs. "The majority of the follow-up is already in the can, though they will have to go back into the studio at some point to add a few more songs," the source continued.

If indeed the album is materialized, then it will make up the last release from the band for current label EMI. The source added, "Standard industry contracts tend to be for six albums, so if they provide some kind of compilation after their next album they will be free agents and able to renegotiate their contract or head out on their own."

There were rumors circulating back in January that Coldplay would wave EMI goodbye in the footsteps of the label's other artists such as Radiohead and Paul McCartney because they "don't necessarily need a label" to release new albums. It was debunked by EMI later on but the band remain mum about it.

Outside the possible compilation, frontman Chris Martin previously said that he has yanked out a duet track with Kylie Minogue titled "Lunar" from "Viva" but will include it in the next album. "It will be on a record we will put out in 2009," he unveiled.