Regional Mexican star Pepe Aguilar and his label of one year, Univision Records, have parted ways.

Regional Mexican star Pepe Aguilar and his label of one year, Univision Records, have parted ways.

Aguilar signed with Univision just last year and released two albums under the deal. In a statement released today (July 7), Aguilar and Univision say they've decided to "amicably" sever their multi-album agreement. Aguilar is reportedly in conversations with at least two major labels regarding a deal.

Aguilar's current radio single, "Miedo," which is at No. 10 on this week's Hot Latin Tracks chart, is part of an EMI compilation album titled "Las Más Pegadas," which is slated for a July 27 release.

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