The rapper admitted that he will be taking a break from the industry to spend time with his daughter Blue Ivy.
Asked if he was inspired to write anything new following his first child's birth, Jay-Z told MTV: "I thought that I would after my daughter was born.
"I thought I would be more inspired with all the new feelings and everything that I'd have to write about, but it really happened the other way.
"I just really wanna hang out with her. I just wanna enjoy those moments for a bit and I'm sure that feeling of music will come back to me."
Jay-Z will headline and curate a two-day 'Budweiser Made in America' music festival in Philadelphia in September.
The star will also top the bill for next month's Radio 1 Hackney Weekend in London.
Watch the music video for Jay-Z and Mr Hudson's 'Young Forever' below: