While Bono has previously stated that U2 had a handful of different albums in the works, it now appears as if the band will concentrate on getting one new studio disc out by next year.

The group reveals that it had been working with on group of dance tracks with producer RedOne (Lady Gaga) and a number of rock tunes with Danger Mouse (Gnarls Barkley). However, now U2 are only going to focus on the songs from the Danger Mouse sessions.

"We have to focus on what we do best, and the work we did with Danger Mouse came closest to that," bassist Adam Clayton tells Rolling Stone. "We want to be in the clubs and make pop music as well as the thing U2 does, but in the end, the thing we did with RedOne doesn't feel like the right fit."

For now, it also also appears as if U2 are shelving 'Songs of Ascent,' their long-rumored companion piece to their last album, 'No Line on the Horizon.'

Bono, who admits that his and the Edge's involvement in the 'Spider-Man' musical had put off recording plans for the group, is excited to get back to work on recording a new album. "It's making me giddy -- the idea that this [tour] will be over in August," Bono says. "I will be sad to say goodbye to the space station, but I'm very excited about the free time to finish these songs."

The final North American leg of U2's 360 Tour wraps up July 30 at the Magnetic Hill Music Festival in New Brunswick, Canada. Click here to see the remaining itinerary.

Watch U2 Perform 'All I Want Is You' on Their Current 360 Tour