Radiohead's camp is in talks with iTunes Music Store for the release of "In Rainbows," Billboard.biz can reveal.

The British alternative rockers' EMI catalog remains a notable omission from the world's leading download store because of the band's assertion that its albums remain complete.

On the other hand, iTunes' successful model allows customers to unbundle albums, or pick and chose individual tracks. Radiohead does, however, have a handful of songs on iTunes that were included on various soundtracks or compilations.

Bryce Edge, of the band's management team, Courtyard Management, tells Billboard.biz that talks are ongoing with iTunes.

A deal with Apple Computer's download store would represent a massive breakthrough on a number of levels, and one which apparently would require a shift in position from one of the parties.

An Apple spokesman declined to comment.

U.K. retailer 7digital scored a coup in September when it added full-album Radiohead downloads to its offering. The 7digital service does not sell the band's individual album tracks for download.

Oxford, England-originated Radiohead became one of the music industry's hottest topics this year when they recorded the album independently and issued it digitally through its official Web site from Oct. 10, allowing downloaders to name a price to own a virtual copy.

That "honesty box" experiment will come to an end on Monday, the band has announced, paving the way for the traditional release set-up of the album within the next few weeks.

"The download area that is 'In Rainbows' will be shutting its doors on the 10th December 2007," reads a note posted Wednesday on the band's official Web site.

"A big thank you to everyone who came and downloaded the music," the message continues. "It's been the most positive thing we've done and we hope you shared the experience with others."

London-based independent label XL Recordings has reached a deal with the band to issue the "In Rainbows" CD on New Year's Eve. Separately, ATO Records Group has struck a deal to distribute "In Rainbows" the following day in the United States, while Hostess Entertainment will have physical rights for the Japanese market, beginning Dec. 26.

Furthermore, the band has confirmed there are no plans to make further stock of the £40 ($80) "discbox," effectively nixing hopes that the special set would be made available through traditional retail outlets. The "discbox" is available only from the Radiohead Web site.

For more analysis on Radiohead and "In Rainbows", turn to this week's Billboard Magazine, out on newsstands from Dec. 7.