Pop star Justin Timberlake wants to return to his home town of Memphis, Tennessee to buy King Of Rock Elvis Presley's old recording studio and label.

Timberlake heads a consortium of investors in talks to snap up Elvis' Sun label and Otis Redding's former label Stax - as well as a huge recording complex.

The two firms would be added to the singer's own JayTee label - which he launched this summer (05).

RAY FLEMING of the Memphis Music Foundation says, "We love Justin. He's a native. It's very exciting to have someone of his significance participate in the music scene here."