Welcome news for Van Halen fans: The clearest indications that a new album and tour are in the works for 2011 have emerged.

While the webosphere has bantered rumors and various reports about a possible album with original frontman David Lee Roth since last year, a recent release announcing a re-upped deal between publisher Warner/Chappell and Eddie and Alex Van Halen stated that the band "is currently in the studio recording an album with Roth that is due for release in 2011."

Meanwhile, Van Halen manager and Live Nation Entertainment executive chairman Irivng Azoff mentioned on a conference call last month and an earning’s call last night that Van Halen was expected to tour next year. That’s good news for Live Nation as a disappointing 2010 season is hitting the touring giant's earnings.

Van Halen's 2008 reunion tour with Roth was a massive success. It raked in a total gross of more than $93 million, with close to one million in attendance from 74 shows, according to Billboard Boxscore.

A new Van Halen album would be the band's first studio album since 1998’s "Van Halen III," which featured vocals by Gary Cherone, and the first with Roth since 1983's "1984," one of the band's best-selling albums.

An e-mail to a Van Halen representative had not been returned at press time.

Questions? Comments? Let us know: @billboardbiz

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