Exclusive: Demi Lovato Reveals Her Inspiration For Her Next Album

And her hopes to collaborate with 'good friend' Iggy Azalea.

I think all of us Lovatics can agree that we are ready for some new Demi Lovato music.

Well, good news, fans -- it's coming "very soon."

In an interview with MTV News, Demi revealed that she's been in the studio almost every day, and working really hard on her fifth album.

"For this album, I'm making music that feels right to me," she told MTV News via email. "This time around, I was able to explore different sounds, and hone in on something that I'm really proud of."

She's focusing on herself to find inspiration for her next effort. "I'm inspired by something every day so those experiences will definitely be reflected on my next album," she said.

As of now, no collaborations have been set, even though she's still hoping to work with Ed Sheeran, Sam Smith, Eminem and "obviously Kelly Clarkson :)." Her friend Iggy Azalea is also on her wishlist.

"I would love to collaborate with Iggy," said Demi, who was in attendance at Iggy's engagement to Nick Young. "Not only is she a good friend of mine, but she's also incredibly talented."

Demi will be showing off her own talents on Saturday when she performs at DigiFest in New York -- a music festival showcasing the best artists in social media -- alongside "X Factor" pal Bea Miller, Jack and Jack, Nash Grier and so many more.

"It's going to be a lot of fun!" Demi said of the festival. "You can expect to hear some of my favorite songs from Demi and definitely some older surprises, but no new music just yet."