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As of January 2006, AC/DC have been working on a new studio album. According to Malcolm Young, "The band are currently writing and recording material for the eagerly anticipated next album, but no release date has been set." In a 2004 interview, Brian Johnson revealed that for the first time since the 1988 album Blow Up Your Video, he would be handling lyrics. He also said that Angus Young has written harder riffs than those on Stiff Upper Lip. In 2005, Johnson confirmed that the band did not know when the album will be recorded, or who would produce it and Malcolm Young said that the new album has "gotta be perfect". Johnson and Williams, along with Steve Luongo and Mark Hitt, recorded new songs for a fund-raising tour named "Classic Rock Cares", and the new songs were to be presented during concerts. So far, three new songs, "Chain Gang on the Road," "Blood Alley," and "Who Phoned The Law?" have been played live. Williams stated that "the Young brothers have been writing new material, but there’s no telling when that will crystallise into an album." In March, 2008, several websites claimed that AC/DC were spotted in Vancouver, where the band recorded their last two studio albums with Vancouver engineer and mixer Mike Fraser. Fraser has engineered previous AC/DC Vancouver sessions, leading metalunderground.com to speculate that he is working on the new album.

In April 2008, AC/DC's official website confirmed the release of the new album with producer Brendan O'Brien and audio engineer Mike Fraser. Johnson recently revealed during an interview with Washington D.C.'s DC 101 radio station that AC/DC have finished recording the new album and are currently mixing it for a late 2008 release.

On June 9, 2008, The Wall Street Journal reported that the band's new album would be sold exclusively through WalMart stores in the United States. "Veteran rockers AC/DC are set to become the next major band to sell a new album only through Wal-Mart Stores Inc., according to people familiar with the matter." In a follow-up report, Reuters reported the album was expected to be released in the Northern Fall (Sep-Nov) of 2008.

The album will be followed by a world tour starting in October 2008 according to Rob Light a Creative Artists Agency managing partner.

On August 15, AC/DC will record a new video for a song from the new album in London with a special selection of fans getting the chance to be in the video.

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