The pop producer has revealed that the pair collaborated during December, just a few weeks prior to the former Wham! frontman’s death on Christmas Day.
Speaking to BBC Newsbeat, Naughty Boy said that he “wouldn’t rule out” releasing the track, adding: “The song is amazing but it’s just a bit bittersweet.”
“It wasn’t this big music industry arrangement, I’ve just been a fan forever,” he explained. “I wanted to work with him, it was something I put out there.”
The producer continued: “He’s got a lot of dedicated fans around the world. He was back in the studio, he was making an album – so hopefully the music will continue to live on and me being a part of it is just a part of my journey too.”
“I didn’t work on the song at the end of last year either out of respect. It’s only in the last week I started working on it again – we’ll just see how it goes.”
The Wham!-turned-solo star was found dead at his home on Christmas Day, aged just 53. A post-mortem into his death was judged to be inconclusive. His family have since responded to suggestions that the singer-songwriter may have committed suicide.