News of their new contract was first reported by Billboard.
WATCH: Fifth Harmony Shares First Photo Without Camila Cabello -- See the Pic!
The band released their first photo as a foursome on Thursday, and followed on Friday with yet another fierce pic.
WATCH: Camila Cabello Shows Off Bikini Body in Cancun After Fifth Harmony Exit
Record label reps did not respond to request for comment.
A source close to the group says that with their upcoming album, Fifth Harmony is "in a position to have more creative input and really direct where they want their music to go."
"They're a major name on Epic's roster, so it makes sense for the label to keep them there and work on another hit album," the source adds. "At the same time, it benefits the girls to stay and really take charge of the direction they're going in."
A new record is also great news for Harmonizers, who took to Twitter shortly after news broke to share their excitement.
@billboard excited for 5H3 and really hoping that they do have more creative control this time around
— sarah denunzio (@sarah_denunzio) January 6, 2017
@billboard@dinahjane97 fifth harmony's new era is gonna be big and is gonna slayyyyyyy
— camilizer maria (@cmilaswrite) January 6, 2017
@billboard@dinahjane97 you guys are gonna slay yes
— andrea (@gloryshes) January 6, 2017
@billboard@NormaniKordei I'm so happy for all of you! You've been working real hard to get to where you are. This year will be amazing❤