While rumors about the official street date of the oft-delayed, highly-anticipated Watch the Throne album have been circulating on the internet the past couple of months, a source close to Jay-Z and Kanye West says the album has a release month: July.

The source tells XXLMag.com exclusively that Hov and Yeezy, the latter who resides in Paris these days, are both in New York for the next couple of weeks putting the final touches on the set in hopes of releasing it next month.

Eminem cleaned up at the 53rd Annual Grammy Awards, beating out newcomers B.o.B and Drake, and vets the Roots and Jay-Z for Best Rap Album with his chart-topping release, 'Recovery.' Eminem's 'Relapse' album took home the Grammy for Best Rap Album last year, marking Em's second gramophone for Best Rap Album in two years. The rapper's sophomore album 'The Slim Shady LP' and third album 'The Marshall Mathers LP' grabbed back-to-back Best Rap Album awards. This will also mark the fifth time the Detroit-bred rapper has won the award for Best Rap Album.