Lil Wayne news revealed that the rapper has dropped a hot new collaboration track with Drake, which the Young Money duo also debuted at their recent tour opener.

According to a report from Rolling Stone, Lil Wayne news and a preview of the new track "Grindin'" circulated over the weekend and was well received by fans of the "Mr. Wayne" hip-hop artist.

The new song was then debuted to a love audience during the Drake vs Lil Wayne tour opener. The tour opener had a Street Fighter theme and was held at the Darien Lake Performing Arts Center by Buffalo, New York.

The single is said to be produced by Boi-1da and Vinylz, and is the latest single to be released from Lil Wayne's upcoming new album, The Carter V.

Lil Wayne news was also revealed last week about the app for the Drake vs Lil Wayne tour. During the rap battle segment of their show, the crowd can use the app to determine who goes first and who wins the night, said Rolling Stone.

The next stop of the Drake vs Lil Wayne tour will be at Noblesville, Indiana. The tour will run until the end of September and will wrap up in Woodlands, Texas.

Prior to tour updates and the release of his new single with Drake, Lil Wayne news was released last month about the rapper's venture into sports management. Rumors circulated that the Young Money CEO has been in talks with soccer superstar Cristiano Ronaldo of Real Madrid.

According to an article from MTV, the Portugese sports star took to Twitter his official statement about being represented by the rapper's upcoming Sports Management Company.

Crtisiano Ronaldo tweeted about the Lil Wayne deal rumors last July 27, saying: "There have been news about changes on my management team - it's all false, and I can assure the team is - and will be - the same."

Lil Wayne is the CEO of Young Money music productions, the group behind successful artists such as Drake and Nicki Minaj. The group also recently signed songstress Christina Milian, who is currently rumored to be romantically involved with Lil Wayne.