Working closely with two longtime friends -- producer Fred Foster and conductor-arranger Bergen White -- Nelson recorded the album at Nashville's Ocean Way Studios.
Price, who died in 2013 at age 87, and Nelson recorded two albums of duets -- San Antonio Rose (1980) and Run That by Me One More Time (2003). They also recorded Last of the Breed with Merle Haggard in 2007.
Although his 1963 recording of Nelson's "Night Life" only reached No. 28 on Billboard's country singles chart, it became one of Price's signature songs.
Set for release Sept. 16, Nelson's For the Good Times: A Tribute to Ray Price features 12 songs, including "Night Life," "Crazy Arms," "Make the World Go Away" and "For the Good Times." The Time Jumpers are featured on "Heartaches by the Number," "I’ll Be There (If You Ever Want Me)," "City Lights," "Don’t You Ever Get Tired of Hurting Me," "Crazy Arms" and "Invitation to the Blues."
In related news, Nelson has announced plans for the first-ever Outlaw Music Festival taking place Sept. 18 at Montage Mountain in Scranton, Pennsylvania. In addition to Nelson, the initial talent lineup includes Neil Young + Promise of the Real, Sheryl Crow, Chris Robinson Brotherhood, Lee Ann Womack and Brothers Osborne.