Us Weekly reports Miley Cyrus is hard at work on an upcoming project, a source tells Us Weekly, and fans are speculating a major collaboration.“ The insider says: A new album is in the works For Miley. She has been in New York since middle of this week and is officially working on new music.” The source adds that “she has been recording at the same [Electric Lady Studio] that Gaga uses” noting that Cyrus has “been recording the past few nights till 4 a.m.