According to XXL, Kanye announced on his website the release of "Vultures 2" featuring Ty Dolla $ign on Tuesday (July 30th).
Since the news of new music on the way, it was set on dropping this Friday, August 2nd, but the date has been removed from his website. The highly anticipated album has been teased for months. Back in January, Ye and Ty Dolla $ign announced "Vultures 2" would come out on March 3rd. Since then only the cover art has been released.
As of now, there is no new date and fans are still anticipating the album release for Friday, August 2nd.