The Backstreet Boys have put their next studio album on hold, despite initial plans to begin work on the set this month.

The Backstreet Boys have put their next studio album on hold, despite initial plans to begin work on the set this month. "As a group, we have decided not to record our next album at this time," the band said in a statement. "We are not breaking up, but individually we are currently at different places in our lives, and our hearts and minds are focused in other areas. All of us are getting along great and are supporting each other in our individual endeavors."

"When the timing is right, we will record another Backstreet Boys album," the statement continued. "We would like to thank our fans for their continued support and love throughout our career."

Earlier this month, group member Howie Dorough told Billboard he had written 12 songs on his own and another 15 with the other members of the Backstreet Boys. "I'm hoping to have the new album out at least by September, [but] I'd like it to be by the summer," he said.

As previously reported, the group in November filed a massive lawsuit against Jive parent Zomba, seeking to dissolve its contract. Dorough said earlier this month that he expects the suit to be settled amicably. "I think eventually it's all going to work out," he said.

It is not known what future projects the group members hope to tackle. Kevin Richardson just wrapped a run in the Broadway version of the musical "Chicago," and Nick Carter recently wrapped a tour in support of his Jive solo debut, "Now or Never."