Well, this is exciting. We knew it was only a matter of time before El Goog decided to get into the music streaming biz, and according to the Wall Street Journal, the company is currently in talks with several record labels to fire up a Spotify-esque service.

If true, the service is said to become part of Google Music, which only makes sense. Currently, Music allows users upload their own music libraries and stream them from any web browser or Android device, and the addition of a streaming service would likely give users access to unlimited music outside of that collection for a monthly fee. While Spotify and similar services cost around $10 a month, it's unclear at this time how much Big G would be charging, but it's probably safe to assume it will be very competitively priced, if not even cheaper.

Similarly, the WSJ is also reporting that the company is looking to start a similar service on YouTube, where users can pay a monthly fee for both music videos and audio-only tracks.

Naturally, there's no word as to when either service could go live, but it's not outside the realm of possibility that Google could be looking to conclude talks in the coming weeks and announce official availability at this year's I/O conference.