Eonline reports that the much anticipated Tony Bennett/Lady Gaga project is a GO!

"We're working in about a week and a half. I'm doing an album with her," the 86-year-old crooner told E! News at Samsung's 12th annual Hope for Children Gala in New York City on Tuesday. "It's really exciting."

Bennett added, "She's actually a very wonderful singer and we're going to go with a lot of big, swinging jazz songs...to show everybody she really knows how to sing beautifully."  For more on the story from Eonline, click here.  For a fun three minutes, watch the video.  Green hair and all...she holds her own.