Guns N' Roses are reported to have finally completed their long-awaited album, 'Chinese Democracy'.

Frontman Axel Rose has spent nearly 15 years working on the album, which will mark the band's first new material in over 16 years.

The band's last studio release was 1993's punk covers album 'The Spaghetti Incident'.

Lead singer Axl Rose has repeatedly delayed the release of 'Chinese Democracy' because of band member changes and personal reasons.

However, Rose's manager Beta Lebeis has told Metal Hammer magazine that the record was completed before Christmas and that "everybody knows that".

Rose is currently arranging details for the album's release date, which is rumoured to be late summer.