While the deal is not completed, Sha-Money XL, a G-Unit executive who helps manage 50 Cent, confirmed that B.G. is in talks with company brass.
"We are in talks with B.G. to sign him to Buck's G-Unit South label," Sha-Money XL told AllHipHop.com.
B.G. released his first album True Story in 1993 at the age of 11, helping successfully launch the Cash Money label into Hip-Hop history.
B.G.'s major label debut Chopper City in the Ghetto debuted at #9 on the Billboard charts, fueled by the hit single "Bling, Bling."
In 2001, B.G. announced he had severed his ties with Cash Money Records to launch his own label, Chopper City Records.
Since, the rapper has released several independent albums, the most recent being Heart Of Tha Streetz Vol. 1.
Sha-Money XL also dispelled the rumor that a Fat Joe foe was joining the label.
Despite the gossip, former Terror Squad member Cuban Link is not signing with 50's growing company. "It's not true, we are not signing Cuban Link," Sha-Money XL said.
A number of published reports on the internet claimed 50 Cent signed Cuban Link to the G-Unit Records imprint.
Both 50 Cent and Cuban Link have verbally sparred with Terror Squad front man, Fat Joe.
In recent months, G-Unit has arranged business deals with Lil' Jon, Lil' Scrappy, Ma$e Spider Loc, Mobb Deep and M.O.P.