Prince Jackson, the son of the late Michael Jackson, is reportedly at work on music with Justin Bieber. The pair are working on a "major recording album."

The paper reports that Prince could be headed down a bad path, disobeying his guardians and going to Hollywood clubs since paling up with the Bieb.

The same Post insider said that Prince has also been getting a lot of advice from boxer Floyd Mayweather Jr. lately.

The young guy gets a $66,000 monthly allowance from his father's estate, and is rarely home under his grandmother Katherine's roof.

"He's looking at high-end cars like a Mercedes Maybach, a Rolls-Royce and Range Rovers and he's buying expensive jewelry," the source noted.