The 74-year-old Italian producer said that his album, to be released early next year, will feature a collaboration with prominent singers including Britney Spears, Kylie Minogue, Charli XCX and Sia.
The gray-haired Moroder released a first track from the album on Monday entitled "74 is the New 24," which is driven by a pulsating dance beat as a computerized voice repeats the catch-phrase in the song's title.
"Dance music doesn't care where you live. It doesn't care who your friends are. It doesn't care how much money you make. It doesn't care if you're 74 or if you are 24 because 74 is the new 24," Moroder said in a statement announcing the still-untitled new album.
Starting in the late 1960s, Moroder was one of the first musicians to use synthesizers to create dance beats and melodies, which spawned a genre that packed nightclubs.
Moroder's production skills became well-known in the disco era when he co-wrote a series of songs with Donna Summer including the 1975 smash hit "Love to Love You Baby," which was characterized by its erotic moans and funky guitar.
Moroder, who started his career in Germany and later moved to Los Angeles, eventually refined his electronic dance sound with his own albums, some released under the stage name Munich Machine.
At the same time, Moroder produced some of the most memorable hits of the 1980s including Blondie's "Call Me" and Berlin's "Take My Breath Away" from the movie "Top Gun."
He has won three Oscars - for the songs "Take My Breath Away" in 1986 and "What a Feeling" from the 1983 album "Flashdance" as well as for best original score for the 1978 film "Midnight Express."
While he stopped recording albums in the 1980s, Moroder returned last year to collaborate with French electronic duo Daft Punk on the Grammy winning album "Random Access Memories."