Pia Toscano fans are in for some good news. The American Idol contestant, who finished ninth in the competition, signed a deal with Jimmy Iovine's Interscope Records and will release her debut single, "This Time," next Tuesday, July 12.

Toscano, 22, says she's excited to work with the American Idol mentor for her first album, which will hit stores later this year. "Jimmy Iovine was an amazing mentor during my time on 'Idol' and I'm looking forward to working with him and everyone at Interscope Records and 19 Recordings," the New York native said in a statement. "This is a dream come true."

Toscano's single, "This Time" was penned by singer-songwriter Ester Dean, who is the force behind Rihanna's "Rude Boy," Nicki Minaj's "Super Bass" and several tracks on Beyoncé's new album 4, including ballad "Start Over" and fan favorite, "Countdown."

Fans can purchase Toscano's new song online next Tuesday, and catch her on the American Idols Live! tour which kicks off in Salt Lake City next Wednesday.