Early last month Lil Wayne publically criticised his current label Cash Money Records over the delay of his highly-anticipated new album 'Tha Carter V,' and as the release date is still unknown, Weezy is now looking to sue Cash Money co-founder Birdman for $8 million.

Lil Wayne
Wayne is reportedly looking to sue Birdman for millions

The 32-year-old rapper and his former mentor reportedly held talks earlier this week, but as negotiations between the pair proved fruitless, Wayne is now claiming Birdman violated their contract by withholding the release of his new album, TMZ reports.

As for the $8 million sum, the gossip site also reports that Wayne says he is owed this specific amount for his latest album, as it was supposed to be an advance.

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Their feud began late last year when Wayne took to Twitter to explain to his fans why 'Tha Carter V' was delayed once again. "To all my fans, I want you to know that my album won't and hasn't been released bekuz [label co-founder] Baby and Cash Money Records refuse to release it," he wrote in a series of tweets. "This is not my fault. I am truly and deeply sorry to all my fans but most of all to myself and my family for putting us in this situation."

"I want off this label and nothing to do with these people but unfortunately it ain't that easy," he continued. "I am a prisoner and so is my creativity. Again, I am truly sorry and I don't blame ya if ya fed up with waiting for me and this album. But thank you."

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However, as the Grammy-winner resigned with the record label in April 2012 for four more studio albums, he is still contractually obliged to release another three until he is free. Under this current deal, he has only released 2012's 'I Am Not A Human Being II.'

Wayne will now reportedly ask a judge to declare him "free" from Cash Money.