AC/DC are not in the studio, they are not recording with Mutt Lange and they don't have a title for an album which has been widely reported to be called 'Strap It On'.

Following stories that the band have returned to the studio for their first album since 2000's 'Stiff Upper Lip', Albert Records' Danny Keenan has told Undercover they're hopeful, but it's not the case.

"If you ask me if they're in the studio today, I can tell you they're not. If you ask me if they were in the studio last week, I can tell you they're not. If you ask me if they're in the studio next week, I can tell you they're not.

"We're pretty hopeful, but unfortunately there is no word of an album at this stage."

The band's last album was 'Stiff Upper Lip' in 2000, and after the accompanying world tour they've remained fairly quiet.

Despite a now 8 year absence from a new recording, the band had the number 4 DVD in Australia last year with 'Plug Me In'.

Their album 'Back in Black' clocked over another million units and has now sold more than 22 million copies in the USA. It is the 5th biggest selling album of all-time in America, behind 'Their Greatest Hits' by the Eagles, 'Thriller' by Michael Jackson, Led Zeppelin 'IV' and Pink Floyd 'The Wall'.