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Britney & Justin: Making Music Again!

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Jul. 22 2008, Published 11:00 a.m. ET

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Former flames Britney Spears and Justin Timberlake are set to record a duet on her new album, OK! can exclusively reveal. The song, written by Justin, will be laid down with the help of his super-producer pal Timbaland and will be the first single released.

"Justin has been a huge supporter of Britney at the label," a source at Jive Records tells OK!.

The exciting news comes at the heels of another major event in Britney's life.  On July 17, that singer had given up her fight to regain custody of her sons from ex-husband Kevin Federline

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He has had sole legal and physical custody of Sean Preston, who turns 3 on Sept. 14, and Jayden James, 22 months, since last October, and that status will remain in place for the foreseeable future.

"It was a win-win for all sides," the 26-year-old singer's attorney Laura Wasser tells OK!. "For Britney, it was always about getting more time with the boys, and she achieved that."

Britney now has her sons two days a week for nine hours each visit, plus one 24-hour visit each week, Wasser reveals. If all goes well, there is a plan to expand another of those day visits into a second overnighter in two months. Those visits are still restricted to Britney's Studio City, Calif., home, however, and must be supervised.

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"The protections that were in place for the boys during visits remain exactly the same as when the temporary orders were in place," Kevin's attorney Mark Vincent Kaplan tells OK!.

So why did Brit relinquish her battle to regain custody?

She had no choice, an insider tells OK!. "As long as her father is in place as her conservator, she is not getting custody back. Legally, she is essentially a child with no ability to make decisions for herself. No court would give custody to a parent who is under a conservator."

For the full story on Brit's custody settlement, pick up the new OK!--on sale everywhere on Thursday!

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