The former Oasis rocker unveiled plans for two albums, one as Noel Gallagher's High Flying Birds and another with the dance collective, when he launched his solo career last year, but admits he is so far unhappy with the tracks for the latter.
He said: ''It's turning into a right f***ing saga at the minute. Those boys had a deadline for it to be finished before I went on tour, which was October 23, and unfortunately for them, they've only delivered a couple of tracks and they're trying to mix it while I'm on the road... and it's not working.
''We all need to be in the same room before it gets done, and whatever they've sent me, I don't like.
''And it is, unfortunately, a record that will depend entirely on the mixes, because it's not song-based.
''I've got a break in the middle of this tour in July, so the plan is to do something then and then finish it off after the tour in October. So it might come out at the end of the year, but it's more likely to be next year now.''
While Noel feels the album is currently not good enough to match the standard set by his 'Noel Gallagher's High Flying Birds' record, he insists it won't be shelved completely - because it has ''cost a fortune'' to work on so far.
He added to NME magazine: ''I set the benchmark pretty high with this record and I'm not just putting a record out for the f***ing sake of it. At the moment, it's not a great record - so it won't come out until it is. It was meant to be a companion piece to this album because it was started before I did 'High Flying Birds', but I felt that the versions of 'If I Had a Gun' and 'The Death of You and Me' were too psychedelic for a comeback record.
''It will come out because it's f***ing cost me a fortune. But where it is now? If I could give it a mark out of 100, it will be, like 65.''