Watch: Lil Wayne Says He 'Signed a Deal' With Jay Z -- Updated

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Lil Wayne performs at the Susquehanna Bank Center on Aug. 21, 2014 in Camden, New Jersey.

Update: Lil Wayne's manager Cortez Bryant tells Billboard that rumors of the rapper signing to Jay Z's Roc Nation for label representation are untrue. "The Internet and blogs took his words out of context," Bryant tells Billboard. "When Wayne was speaking about the partnership with Jay Z, he was speaking about his new deal as an artist owner with Tidal." Read the full story here.

Lil Wayne made a mysterious announcement during a live performance Saturday night  (June 13) that he recently signed a "deal" with music mogul Jay Z

Lil Wayne vs. Cash Money: Read the Leaked 21-Page Lawsuit

"I just signed a deal with my motherf--king idol Jay Z," the rapper told the cheering crowd at the KMEL Summer Jam in Oakland, Calif. Watch a clip below.

 

Lil Wayne announces he is now signed to JAY-Z

A video posted by HELLABOOTSY (@hellabootsy) on Jun 14, 2015 at 1:27am PDT


The details about Weezy's unspecified deal with Jay Z remained unclear at press time. But it's no secret that Wayne has been unsatisfied with his deal at Cash Money Records. Some are speculating that the announcement could mean that the rapper is moving to Jay's Roc Nation for label representation.

Lil Wayne vs. Cash Money: Can the Rapper Leave the Label He's Been With Since He Was 13?

Lil Wayne is also reportedly a co-owner of the Jay Z-led music subscription service Tidal and exclusively released the track "Glory" through the service in early June.

Reps for Lil Wayne, Jay Z and Roc Nation have not yet responded to Billboard's requests for comment.

Earlier this year, Lil Wayne's longtime manager Cortez Bryant wrote on Instagram that his client doesn't "deserve the shit he's going through" with Cash Money Records. In late January, Weezy sued the label for $51 million. TMZ has reported that he's owed $10 million, solely for the recording and completion of Tha Carter V

Lil Wayne Joins Tidal as Company Launches Ticketing Feature, Desktop Clients

Lil Wayne has referred to himself as a "prisoner" of Cash Money and blames the label for the delay of his new album, Tha Carter V. "I want off this label and nothing to do with these people," he tweeted. The barb was aimed at Cash Money's co-founders Bryan "Baby" and Ronald "Slim" Williams -- who signed Wayne in the early 1990s.

Billboard will have more on this developing story.