The Australian actor, who is an aspiring singer/songwriter, is working on new material with producer Joe Henry.

"I'm just finishing a new record at the moment and Joe Henry, the American producer and songwriter himself, he's producing it for me," Guy tells LatinoReview. "Hopefully I'll get that out sometime this year... That'd be great."

Henry is married to Madonna's sister Melanie Ciccone.

Meanwhile, Pearce, who released his first album, Broken Bones, in November, 2014, is hoping to hit the road to promote his new collaboration with Henry, adding, "I'd love to, but I'm also trying to work and I have a new baby, too, so I'm not sure how much touring I could actually get done at this point in time, but we might do a few little shows in Los Angeles or in New York... It would be great to be able to do that."