Pink Floyd have confirmed that they will indeed release a new album, entitled The Endless River, in October.

Rumours emerged on Saturday (July 5) that the band were set to release previously unreleased material recorded around the time of their final album The Division Bell which was released in 1994.

Columbia Records confirmed the news in a statement saying, "Pink Floyd can confirm that they are releasing a new album The Endless River in October 2014.

"It is an album of mainly ambient and instrumental music based on the 1993/4 Division Bell sessions which feature David Gilmour, Nick Mason and Richard Wright.

"The album is produced by David Gilmour with Phil Manzanera, Youth and recording engineer Andy Jackson. Work is still in progress, but more details to come at the end of the summer."