The '99 Problems' star is said to be putting on a special event shortly after the Formula One Grand Prix.
Jay-Z Attends New Jersey Nets End Of Season Basketball Match
The 'Otis' rapper and part owner was sat courtside for the team's final game before heading to Brooklyn.
Jay-Z was in attendance to watch his New Jersey Nets play their final game at the Garden State before heading to their new home in Brooklyn last night (23rd April).
The 'Girls Girls Girls' singer is a part owner of the team alongside Russian businessman Mikhail Prokhorov, and saw the side lose their game against the Philadelphia 76ers.
Jay wore a denim jacket and a pair of pink and blue trainers as he sat courtside sporting a "NY" cap.
You can view a picture of Jay-Z at the New Jersey Nets match yesterday below: (Picture: Getty)
Meanwhile, the rapper recently took his new baby girl Blue Ivy on her first ever family holiday to the Caribbean earlier in the month.
The 'Love On Top' singer and her husband were seen preparing to board a private yacht in St. Tropez.
The '99 Problems' reportedly responded to a congratulatory email to quash the recent claims.
The rappers posed for a shot together as speculation over a new collaboration mounts.