Microsoft has confirmed that it's set to release a new version of Microsoft Office for Mac later this year.

As reported by Macworld, the upcoming software upgrade is due out before the end of this year, according to Thorsten Hübschen, Microsoft's company manger for Office products in Germany. The site adds:

A representative for Microsoft confirmed that development work for the next version of Office for Mac is ongoing. “The team is hard at work on the next version of Office for Mac,” she said in an email. “While I don't have details to share on timing, when it's available, Office 365 subscribers will automatically get the next Office for Mac at no additional cost.”

An update to Microsoft Office for Mac has been long overdue. The current version, Microsoft Office for Mac 2011, has been around for well over three years. Released back in October 2010, Microsoft Office for Mac 2011 introduced an OS X version of Outlook as replacement for the Entourage email client and a Mac-based Ribbon similar to its Windows counterpart.

Last month, it was reported that the long-awaited iPad edition of Microsoft Office would also be coming out this year.

At the moment, Microsoft offers the Office Mobile for Office 365 subscribers app for iOS, which it released last June.