Amid the ongoing feud between Lil Wayne and Birdman, the co-founder of Cash Money Records reportedly claimed Weezy is holding the master records of "Tha Carter V," adding that the label could not release the album even if they wanted to. The news comes after Wayne said in an interview that he would never work with Birdman again.

Wayne is embroiled in a legal battle with Birdman and Cash Money Records after filing a $51 million lawsuit in 2015, claiming that the label withheld money related to his still-unreleased album, "Tha Carter V." Recently, Wayne also sued Cash Money's distributer, Universal Music Group, over unpaid royalties. Wayne and Birdman were also involved in a social media war with each other, with Weezy releasing diss tracks. The 33-year-old has also publicly slammed Birdman and his record label over the last few weeks during Drake's "Summer Sixteen" tour.

A TMZ report Tuesday cited sources saying Wayne's threat to retire is not going down too well with Birdman, who believes Wayne is holding the unreleased album hostage. Sources also told TMZ that Wayne is ready to give "Tha Carter V" to Birdman once the money issue is settled. He has no plans of leaking the album on the internet, the report added.

Earlier this month, Wayne took the internet by surprise when he sent out a distressed tweet that said he was retiring.

“I AM NOW DEFENSELESS AND mentally DEFEATED & I leave gracefully and thankful I luh my fanz but I’m dun,” he tweeted. “Ain’t lookin for sympathy, just serenity.”

During his recent interview, Wayne said he posted the tweet after an argument but did not reveal any further details.

"I have a family, I have kids, I have a mother and we've got bills," Wayne said. "And this is business. Once the business is right, then everything is right. So I did feel that way, and I didn't take the tweet down because I still feel that way, and until something is done about it, then maybe it'll change."

When asked if he would want to work with Birdman again if things are settled between the two, Wayne said: "No sir... Gimme mine, and I'll walk off free, smiling."