The pair are to make what has been described as a ''very personal'' LP which will see Kane return to his hometown so the pair can be in the studio together to lay down the hip hop tracks.
Chance - who also hails from Chicago, Illinois - told local TV news show Windy City Live: ''Working under him, working with him on his albums is crazy, but having him tell me that he wants to produce my album and come to Chicago is like... This month, we're working in Chicago.''
Chance, 25, also revealed that work has already begun on some of the record, claiming that it is already ''30 per cent complete''.
Announcing the two LPs, he said: ''I've been actively working on the project with Childish. I'm going to do a seven-track with Ye (Kanye).''
On the work he's made with Glover, he added: ''We've got six songs that are all fire, but I think the album is going to be more than 14 songs.''
Once a fire fighter, always a fire fighter.
Today (September 14th) marks the 25th anniversary since the album's 1993 release.
Labrinth has teamed up with Sia and Diplo to form a new supergroup: LSD.
The Struts teamed up with Kesha for a red and gold themed music video as part of their collaboration on 'Body Talks'.
Sometimes actors are not acting.