Taylor's band, The Pretty Reckless, will release their first full-length album on Interscope Records this fall, Access Hollywood has confirmed.
In addition, the Taylor-fronted band is currently out on the road opening up for The Veronicas, whose tour kicked off May 9 in Nashville, Tenn.
The 24-date tour wraps up June 30 in Salt Lake City, Utah.
"Taylor has an incredible presence and when she decided to make Interscope her musical home we were thrilled," said Jimmy Iovine, Chairman of Interscope Geffen A&M Records.
Taylor, who stars as the fashion-forward Jenny Humphrey on "Gossip Girl," not only is the lead singer for The Pretty Reckless, but she also co-wrote all of the songs on the new album.
"I'm so excited to be among the talented and respected artists signed to Interscope Records," Taylor,1 5, said in a statement. "Partnering with Jimmy Iovine is an honor."
"I have an eclectic taste. One of my favorite bands is Garbage. I love Paramore. I love Avril Lavigne – and I still love Britney Spears. I love dancing to her stuff," she said in 2008.
But Taylor isn't the only "Gossip" girl who is making a leap into the music business.
As previously reported on AccessHollywood.com, Leighton Meester signed a record deal with Universal Republic through Time-Act Music last month.
Leighton's album is slated to drop in the fall.
Related Content from AccessHollywood.com:
PLAY IT NOW: Behind The Scenes: 'Gossip Girl: Valley Girls'
PLAY IT NOW: Taylor Momsen Talks 'Gossip Girl' (March 2009)