It's been seven years since Paris Hilton made her mark in the pop music world with "Stars are Blind," and now, she's about to make her big return.

On Tuesday, Hilton will release her new single and video "Good Time," featuring Lil Wayne. It's the first cut off her upcoming album, slated for a 2014 release.

"I love being in the studio. Music has always been a huge passion of mine," Hilton said. "So to be having my new single out with Lil Wayne, it's just such an honor, and I'm so excited for the world to hear it." Hilton revealed that she's more excited than nervous for fans to hear her long-in-the-works material.

"I've been recording this album for about a year and a half now," Hilton revealed. "After being in Ibiza I was so inspired I met so many amazing DJs and producers, so people kept sending me different songs and making this album and I'm so proud of it."

It wasn't until she became reacquainted with Cash Money CEO Birdman on the set of the "Tapout" video [the two originally met at the 2004 MTV Video Music Awards in Miami] that Hilton's vision really started to take form.

"We ended up meeting up after the video and I played him some of my songs and he loved them and signed a deal together," Hilton said. "It's so exciting. I love working with him. He's so smart and so creative and inspiring and I just look up to him so much as a businessman and what he's created, and I think it's perfect to be part of the Cash Money family."

And it seems that the Cash Money family, which includes Wayne, Drake and Nicki Minaj, are equally as excited to have Hilton on board.

"They've been so supportive and amazing. I love working with everybody," Hilton said. "Everyone's just very hard working and very passionate, and it's fun to be working with really cool people who I really respect."