Justin Timberlake debuts new song, "Suit & Tie"

BEVERLY HILLS, CA - MAY 17: Justin Timberlake attends the centennial tribute to Gene Kelly at AMPAS Samuel Goldwyn Theater on May 17, 2012 in Beverly Hills, California. (Photo by Toby Canham/Getty Images)
Toby Canham

Three days ago, Justin Timberlake announced he was ready to return to music. Now, that new music is here.

Timberlake released his new single, "Suit & Tie," at midnight on Sunday. The song, featuring Jay-Z, is now available on iTunes.

In a letter to fans posted on his website, the 31-year-old also announced his third album, "The 20/20 Experience," which will come out later this year.

"The inspiration for this really came out of the blue and to be honest, I didn't expect anything out of it. I just went into the studio and started playing around with some sounds and songs. It was probably the best time I've had in my career... Just creating with no rules and/or end goal in mind and really enjoying the process," he wrote. "What I came up with is something I couldn't be more excited about! It is full of inspiration that I grew up listening to and some newfound muses that I've discovered along the way."

Timberlake's last album was 2006's "FutureSex/LoveSounds." He has spent the years since focusing on his acting career, appearing in films including "The Social Network," "Friends with Benefits," "In Time" and "Trouble with the Curve."