UPDATE (12/3/15, 5:48p.m. ET): Bobby Shmurda's bond was denied by a judge today, according to TMZ. This comes only a day after the site reported that Shmurda could be released soon.

The rapper's next court date is reportedly in January.

Read the original story below:

Will Bobby Shmurda be home soon?

There might be hope. According to TMZ, Shmurda could be getting released from jail as early as Thursday, which is kind of surprising since it was recently reported that he'd spend more than a year in jail before going to trial.

So, how exactly could Shmurda’s release go down?

A source told the website that one of the rapper's aunts has put several properties up as collateral for the MC's $2 million bond. The family and bondsman Ira Judelson reportedly have a 200-page doc which describes the source of the money and they believe this plan is “bulletproof.” They're reportedly looking to present this to a judge soon.

While that news is enough to provide some optimism, Shmurda’s lawyer, Alex Spiro, has not commented on the matter.

Shmurda and his GS9 affiliated were arrested in Dec. 2014. They were hit with more than 100 charges, according to a January report.

Shmurda's release has been much-discussed since his arrest. At first, the rapper said he thought Epic Records would help get him out. "When I got locked up, I thought they were going to come for me," he told The New York Times in February. "But they never came."

At the time, it was also reported that Shmurda posted $2 million bond, but soon after that, his bail was reportedly withdrawn.