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As NME notes, the song was originally written by Ted Mossmann and Buddy Kaye and was based around Sergei Rachmaninoff's 1901 composition "Piano Concert No. 2 in C Minor." However, Sinatra's version remains the best known. The song can be streamed via Dylan's official website now.
There is no official confirmation of a new album though the artwork seen above was uploaded to Dylan's website overnight. It carries the title "Shadows in the Night." A spokesperson for the singer told Rolling Stone that "this track is definitely from a forthcoming album due later on this year." Dylan's last LP, "Tempest," was released in 2012.
Meanwhile, it was recently reported that Elvis Costello, Marcus Mumford of Mumford & Sons and Jim James of My Morning Jacket are working with producer T Bone Burnett on an album based on long-lost Dylan lyrics.
The artists are creating music for two dozen unfinished Dylan songs in Los Angeles' Capitol Studios. "Lost on the River: The New Basement Tapes" is set for release this autumn, alongside a documentary called "Lost Songs: The Basement Tapes Continued," directed by Sam Jones. The lyrics come from Dylan's 1967 "Basement Tapes" sessions.