Madonna is reportedly planning to celebrate her 50th birthday with a gig at New York's Central Park.

Madge is all set to tour the US next year to promote her next album, and once there, she is also thinking about bringing in her milestone birthday on August 16.

A source revealed to The Sun that Madge has now hit upon the idea of holding a gig at Central Park.

"One of the ideas she loves is to do Central Park on her birthday. She came up with it and has been discussing it as a serious possibility," the paper quoted the source, as saying.

"She doesn't like getting older but she knows there's no way she can pretend her birthday isn't happening.

"She is planning to kick off a world tour next June in America to promote her new album. Playing at Central Park would be the highlight.

"She sees it as a huge televised event," the source added.

Madonna is already busy working on her next album with Timbaland and Justin Timberlake, writing and recording in London.

She plans to go back to New York in September to put the finishing touches to it. After that it will be a much-deserved holiday with hubby Guy Ritchie and kids Lourdes, Rocco and adopted son David.

The album is scheduled for global release in November.

The Material Girl is reportedly also planning to release a 25th anniversary box set next year to celebrate her years in the music business.

Source: The Sun