Chance The Rapper is currently on the Family Matters Tour with D.R.A.M., Towkio and Metro Boomin’. During his stop in New York, Chance sat down with Ebro and Laura Stylez for a conversation about recently becoming a father, his debut album, not signing to a major label, and more.

Chance usually likes to keep talks of upcoming music under wraps, but he did reveal to Hot 97 exclusively a new song with The Late Show host Stephen Colbert is in the works.

“Me and Stephen Colbert have been working on a song together, and it’s gonna released very soon,” he said. “He’s amazing. I can’t get that deep into it, but he’s amazing.”

Here's more highlights:

On his debut album: “I’m working on a lot of music, and a lot of individual projects right now. But my focus is eventually getting out of this trilogy of music that would be #10Day and Acid Rap and third mixtape. And eventually get to a place where, you know, like I said stand on top of something and look around and be like this is what I do. I’m not just rapping to rap. This is what I do.”

On not signing major label deals: “I have complete control over my music—the same way that I did when I was in high school. I make what I want to make, when I want to make it, with who I want to make it with. In the end, I still own 100 percent of what I created. Anything that comes from my mind, I get all my deal points from it. I think just the understanding of giving up that same integral piece of the pie to anybody, whether they’re a huge label or an indie label. Or it’s just a distribution deal or just a publishing deal. Giving up that piece is difficult for me."

He drops more gems about J. Cole and the Black Lives Matter movement as well. Watch it above.