The 'Faith' hitmakers have joined forces with the rapper for 'Ready To Go', which will drop next week and marks the group's first release since they signed a record deal with Cash Money Records.
Label founder Brian 'Birdman' Williams said: ''It'll be a great way to let the world know that [Limp Bizkit] is a part of us. It's rock but it's hip-hop-rock. I think we got that hip-hop-rock swagger.''
The music executive also hinted the group - who were dropped by Interscope Records in 2001 following poor sales of their sixth album 'Gold Cobra' - are planning to record a new LP.
He added: ''They're just gonna go in and get it done. We're looking to put an album out this year. [Frontman] Fred [Durst]'s all the way in - he understand what we're about, hard work and dedication. To me, they're one of the hardest workers in the business.''
Although Cash Money is a hip-hop label, Birdman believes Limp Bizkit are the ''perfect match''.
He said: ''If we find some great talent, we're gonna embrace it. Limp Bizkit, to me, is just a perfect match for us.
''It was something that [Durst] was interested in doing, and I was already a fan, and I was like, 'Let's do it.' It's good for the brand, it will bring a different look for us, and we're definitely trying to expand on that side of music.''