Månegarm have issued a studio update featering a tracklist from the upcoming fifth studio album:

Månegarm is currently in the studio working with their fifth full length album "Vargstenen - The Wolf Stone", the three first weeks in October.
This is the first concept-album ever made by the band and the story begins with the prologue track 'Frekastein' from the album "Vredens Tid".
So if you want a hint of the story and the new album, check out "Frekastein"?

This is the track list:

Kap. 1 Uppvaknande-Ur Själslig Död
Kap. 2 Minnen-En Fallen Fader
Kap. 3 Den Gamle Talar [accoustic]
Kap. 4 Genom Världar Nio
Kap. 5 Visioner På Isen
Kap. 6 Vargbrodern Talar [accoustic]
Kap. 7 I Underjorden
Kap. 8 Nio Dagar, Nio Nätter
Kap. 9 Vargstenen
Kap. 10 Vedergällningens Tid
Kap. 11 TBA [accoustic]

Studio updates and pictures can be found here.
The upcoming album will be Månegarm's first for Black Lodge Records after a ten-year collaboration with Displeased Records. An early 2007 release is expected.

UPDATE (26-10-006): Album Completed
Swedish 'Viking metal' act Månegarm has issued the following update:

"After three weeks in Studio Underground, we're finally finished with our new album 'Vargstenen' (The Wolfstone). Everything has gone very well although it has been three hectic weeks. We have been working really hard, 14-15 hours a day, just to get everything in place?

"Anyway, we are really, really satisfied with the album recording. The songs that we have recorded feel great and Pelle Saether has, as always, done a fantastic job with the sound and with the mix. We all think that the production is the best ever and we are totally convinced, and we hope that we can convince the rest of you, that this is going to be the best Månegarm album we have released so far.

"Our new album, 'Vargstenen', is expected to be released somewhere around March/April 2007 so make sure to keep your eyes open, it's going to be something really special!!!"

Source:	manegarm.com
Band profile:	Månegarm