The musicians and longtime collaborators hinted at a "Life Is Good" composition on their respective Instagram Stories on January 6.
The picture, which was captured by various fan accounts, features a laptop screening the closing titles of what appears to be a music video, with "Life Is Good Future + Drake" written in bright yellow.
Speculation arose that the yet-unreleased "Life Is Good" could appear on the much-anticipated sequel to the duo's 2015 "What a Time to Be Alive."
Details about the collaborative project are still scarce to this date, although Drake teased in the comment section of his Instagram Stories that "Life Is Good" would arrive "soon soon."
What's more, the OVO rapper was spotted filming a music video with Future at a McDonald's in Atlanta, Georgia, back in December.
Fellow rappers 21 Savage and Mike WiLL Made-It were also reportedly involved in the project.
Drake and Future first alluded to the follow-up to "What A Time to Be Alive" back in April, with the "Hndrxx" rapper confirming on his Instagram Stories that the album was "already cooked up."
At the time, Future also made several appearances during Drake's seven-night residency at the O2 Arena in London.
While the rumoured "What a Time to Be Alive 2" is still on the way, Drake unveiled his latest single "War" on Christmas Eve.
The un-Christmas-like freestyle cut arrived along with an accompanying music video, in which the Canadian rapper was seen enjoying the holiday season with several members of his OVO crew.
Drake has been particularly busy for the past few weeks, working on his highly-anticipated sixth studio effort and prepping the fourth season of British TV series "Top Boy."
Future unveiled his seventh studio album, "The Wizrd," in January 2019.
More recently, the Atlanta hitmaker partnered with Mexican brand 1800 tequila to curate a collaborative album featuring seven up-and-coming artists.
"1800 Seconds Vol. 2" notably included contributions from Shaun Sloan, Lihtz, Test, Herion Young, Juicy 2xs, Seddy Hendrinx and Aurora Anthony.