Singer Greyson Chance has covered Michael Jackson’s song “I Wanna Be Where You Are” and according to sources close to the singer he’s getting ready to release an album on Ellen Degeneres’ new label eleveneleven which she started after hearing the young singer perform on YouTube and then on her show.

According to The Hollywood Gossip Chance will be dropping his first record on August 2, although details about his effort have been closely guarded.

News of the cover comes after Michael Jackson fans around the world celebrated the two year period since Jackson’s death on June 25, 2009.

Here’s Greyson covering the song:

Do you think Greyson Chance has the musical chops to cover a Jackson song and do it justice? I think he did an awesome job.