Sheila E, long-time collaborator with Prince, has said there are plans to turn his Paisley Park home and recording complex in Chanhassen, Minneapolis, into a museum dedicated to the musician’s career.

First opened in 1988, the studio was designed by California-based architecture firm BOTO Design and was the home of Paisley Park Records until the music label folded in 1994. After its closure, Prince continued to live and record at the complex, which shares its name with the song “Paisley Park” – part of his 1985 album Around the World in a Day.

"We're hoping to make Paisley what [Prince wanted] it to be,” said Sheila E, speaking to ETOnline.” [He] was working on it being a museum and had been gathering memorabilia and stuff from all the tours, like my drums and his motorcycle.

"There's a hallway of his awards and things, which he really didn't care about too much, but he displayed it for the fans because he knows that they would want to see it. There's pictures of him all down the halls, some you've seen before and some never [seen]… There's a mural on the wall with his hands out and on one side is all the people he was influenced by and the other side is all of us who have played with him... It's beautiful."

Aside from Sheila E’s comments, no further details have emerged in regards to the project, which has been likened to a public venue such as Graceland – the former home of Elvis Presley.