Earlier this week, T.I. announced on the season finale of Hip-Hop POV that “Iggy is a free agent.” This statement confused a lot of her fans, who are unsure whether Iggy Azalea is still in good terms with Grand Hustle.

The Aussie rapper signed a recording deal with Interscope in January. Two months later, she announced that she also signed a deal with Tip’s Grand Hustle imprint. Since Grand Hustle is on Atlantic Records, it may have sparked a conflict of interest for Iggy to be signed to both camps, which probably caused Tip to say she is still up for grabs.

XXL was able to catch up with Iggy moments after her first proper New York show at S.O.B.’s (May 7). Iggy was able to set the record straight about the rumors. Apparently, she is still managed by Interscope Management and not in any hurry to sign with anyone. However, she is possibly considering Atlantic as her permanent new label home.

On if she got dropped from Interscope:

“I wasn’t dropped by Interscope. I’m still managed by [Interscope], but when T.I. came on board and it became a Grand Hustle thing. We were working on restructuring and we worked down to the final deal. There’s things that change when other people get involved. For me, I choose my involvement with Tip because that’s my family over other things, so I’m thankful that I have him and he can kinda get me out of that situation; now it’s just strictly Grand Hustle.”

 On the relationship between her and Interscope:

"This has been this way for about two months now. Me or Interscope didn’t really feel it was necessary to speak on it because we have a great relationship still. Everyone in that building is my friend and there’s a mutual respect there and nobody wants to do anything that makes anyone feel uncomfortable about anything else. There’s no bad blood between me and Interscope of course, they still manage me. So they play a big part in my career; but I can’t sign something that I don’t feel, you know, is 100% right. So I did what was best for me and they did what was best for them business-wise."

[via XXL]