Although we've heard all the hype before, but NME.com is reporting that GUNS N' ROSES' long awaited album 'Chinese Democracy' is finally set to be released in March, according to former guitarist Slash.

The news comes just weeks after reclusive singer Axl Rose revealed that the band's first material in 10 years was nearing completion. Speaking about the release on Christian O'Connell's Virgin breakfast show, Slash confirmed that the record is done and he said a "very official source" had already heard it.

He added: "Yeah its going to happen, I've been made aware it's been heard. I'm really excited, it's been a long time waiting to see what the next step around the corner was going to be for him (Axl), we know where everybody else is, but we were wondering what he was going to be doing. It's coming out in March and apparently it sounds great."

Tracks slated to appear on the 13 track album include 'Better', 'There Was A Time' and 'The Blues'.

Although Axl and Slash have not spoken in the last 10 years, the VELEVET REVOLVER guitarist said he was pleased that the record is finally going to see the light of day.

He added: "I've always been supportive over that thing, even though it's been turned in to a big controversial blah blah blah thing. When I left I was pretty pissed off for having to leave in the first place. After a while all the boo-haha that was stirred and all the negative press, sort of went in his direction, so I'm just waiting for the record to come out, so I'm glad where it's got to the point that that's happening."