As it turns out, that 'something big' has been a return to his hip hop roots, and signing on the dotted line for underground powerhouse, Duck Down Records.
P's apparently hard at work on a new album, Gratitude, with early reports making for good reading for you boom bap/true school enthusiasts out there.
Want a taste of Gratitude? P's happy to oblige. He's linked up with Skyzoo and Havoc of Mobb Deep for a slick cut, 'Welcome To America' - and you can check or download it below.
Get in there, and keep an ear out for Gratitude.