James Bourne has been seen working/writing with McFly -LIKE OLD DAYS AHHH- since September last year ,during McFly's USA shows, he also joined them on their writing trip which happened earlier this year, and also whilst McFly's stay in NY & LA in February. if you've been following the guys' feed during their latest writing trip you would have seen this photo
Dougie, Danny, James & Tom during McFly's writing trip in New York
which shows the guys recording with James. James is currently planning for his new album, and he recently tweeted that he wants to only record with good people, and as seen in the tweet, he said "Yes, Exactly Like McFly"
Still nothing is confirmed or announced ,but as a gossip website, it's a pleasure to collect information and put a bit of imagination!