The Headlines hitmaker, who recently announced his first UK arena tour, confirmed the news during an appearance at Stevie Wonder's House Full of Toys benefit concert on Saturday, 17th December.
Back in October, Biebs teased his forthcoming album Believe, revealing that he had recruited the help of Drizzy and rap icon Kanye West, stating: "Very soon [it'll be released], after my Christmas album. It's going to be coming out. It is called Believe."
He added: "I'm working with a lot of cool people. I'm working with Kanye [West]. Drake is going to work on the album with me."
The Biebster has previously worked with Drake on track Trust Issues, with the Young Money star later admitting that his song with JB was "just a fun thing" and did not feature on his second LP, Take Care.
It is thought Justin's follow-up to his hit album My World 2.0 will be released in summer 2012.
Watch MTV News on the hour every hour on MTV - Sky Channel 126 and Virgin Channel 134