Bandmate RZA has brought the rap collective together for A Better Tomorrow, which will mark the 20th anniversary of the group's first album release, Enter the Wu-Tang (36 Chambers) - but the Ice Cream hitmaker has refused to contribute to the project.
He tells RollingStone.com that the music being recorded "don't feel right", adding, "We created something that wound up being so big, it has to sit on a certain kind of podium. It has to be sitting up there shining... I love my fans. I would never give them something that I feel is not a hit or a win..."
The rapper explains he wanted to work with new producers on the project, but Rza plans to work alone.
He continues, "There definitely were conversations... like, 'Let's make this a colourful album with some of the hottest producers in the game'. (People) love and respect us enough where it's like, 'If you call me, it would be an honour to be involved with it'.
"But Rza, you're the guy that can do that and I don't understand why he's not doing that. We want to continue to hold that belt the way it's supposed to be held."
Raekwon insists he will never leave the group, but he will not be involved unless the problems are "fixed", adding, "I'm in a limbo situation... I am on strike. It ain't (sic) the fact that I don't want to be there. Because of course I want to be there. But if we're there, we gotta do the best everything."
Rza has spoken in the past about Raekwon's absence on the record insisting the delays have been caused by the rapper not showing up to the studio to record.
A Better Tomorrow is not the only album the group has in the works - they are set to release one copy of a 31-track record, titled The Wu - Once Upon a Time in Shaolin, which Raekwon is featured on.