A source tells Rolling Stone that "Breaking away from Scooter Braun and his team has been something that Justin has wanted for so long and now that he’s fully free, he could finally share this album with his fans and with the world. [It’s] something he’s been wanting to do for a long time."

Justin Bieber and Scooter Braun have reached a settlement following a financial dispute. Another insider tells PEOPLE that Bieber will also pay an additional $5.5 million, which covers half of $11 million in unpaid commissions he owed Braun, 44, totaling a cool $31.5 million.

"This is the most pure version of Justin we've ever seen musically," says the source, adding that Bieber wanted to split from Braun "for a long time"