Pink Floyd
Pink Floyd in concertCreative Commons / Tim Duncan

Pink Floyd will release its first new album in two decades in October, which will contain previous unreleased songs and feature a good number of others that began to take shape during the recording of 1994's "The Division Bell."

The new album is titled "The Endless River," and the news was first announced on Twitter by Polly Samson, wife of Pink Floyd guitarist and vocalist David Gilmour.

Wright, the band's keyboard player, died in 2008 at the age of 65, two years after the death of Pink Floyd frontman Syd Barrett.

The new album will be produced by Gilmour along with Phil Manzanera.

Durga McBroom-Hudson, who sang backup with the band throughout the 80s and 90s, confirmed the existence of the album with a post on her Facebook account.

"The recording did start during The Division Bell sessions (and yes, it was the side project originally titled 'The Big Spliff' that Nick Mason spoke about. Which is why there are Richard Wright tracks on it," she wrote.

"But David [Gilmour] and Nick [Mason] have gone in and done a lot more since then. It was originally to be a completely instrumental recording, but I came in last December and sang on a few tracks. David then expanded on my backing vocals and has done a lead on at least one of them," she added.

A representative for founding member Roger Waters, who is reportedly working on a solo album, told Newsweek that he is not involved in the project. Waters sued his bandmates in the mid 80s believing the band to be a "spent force creatively," however, he later admitted to regretting the decision.

"I was wrong! Of course I was. Who cares?…It's one of the few times that the legal profession has taught me something," he told BBC HARDtalk last year, Rocksquare reported.

"Because when I went to these chaps and said, 'Listen we're broke, this isn't Pink Floyd anymore,' they went, 'What do you mean? That's irrelevant, it is a label and it has commercial value. You can't say it's going to cease to exist… you obviously don't understand English jurisprudence."

Some of the popular albums of the psychedelic rock band include "Dark Side of the Moon," released in 1973, "The Wall," which came out in 1979 and "The Final Cut," released in 1983.