Lil Wayne is working on his “final solo album”.

Speculation has been rife of late the 31-year-old rapper is preparing to retire after his forthcoming LP Tha Carter V hits shelves in May.

And Lil Wayne confirms stepping away from life as a solitary artist is a primary goal.

"I personally plan on this being my final solo album, yes and it's definitely the final Carter album. It's the final Carter album. It's stopping at five," he told MTV News.

Wayne founded recorded label Young Money Entertainment in 2005, and artists signed to the banner include hip-hop heavy hitters Drake and Nicki Minaj.

The star is willing to appear on tracks with other musicians in the future, but guest features is all he can promise.

"I plan on it being my final solo album," Wayne explained. "Whenever I have to pitch in for a Young Money album, a Like Father, Like Son album and something like that and maybe something out the blue."

Right now Wayne is focused entirely on Tha Carter V, his 11th studio album.

He is working so hard, the star has no frame of reference to describe the industriousness he’s been generating.

"It seems like it will be impossible for me to work this hard again for anything else,” the rapper revealed.

There is only one thing that can convince the hip-hop icon to release another LP after Tha Carter V.

If the money’s right Wayne says he’ll take flight.

"$25 to $35 million would get me to do another solo album after this," he deadpanned.

"I didn't smile when I said it.”