It was reported on Friday by local media outlets that Red Velvet will make a comeback in March with a new studio album.

The band's label, SM Entertainment, confirmed the story, stating that the group is prepping for the release of a new album next month.

The quintet's most recent release was its sixth EP, "Queendom," which was published in August of last year and marked the group's return after a hiatus of more than one and a half years. The EP topped the iTunes top albums chart in 54 different countries, as well as all major charts in the United States.

The bandmates stated during the label's all-star performance last month that they will be reuniting with the rest of the members of their original lineup.

"I'm looking forward to the day when we will all be together this year," Wendy expressed her excitement. Having made its debut in 2014, Red Velvet has since created music that encompasses a wide range of genres.