Kanye West's Adidas deal 'under review'

Pic Credit: Kanye West

Following the rapper's most recent "White Lives Matter" shirt fiasco, Kanye West's already

Pic Credit: Kanye West

precarious relationship with Adidas is now formally "under review."

Pic Credit: Kanye West

According to a statement released by Adidas on Thursday, per CNBC,

Pic Credit: Kanye West

"We have taken the decision to place the collaboration under review after repeated efforts to quietly settle the matter."

Pic Credit: Kanye West

"During this time, we will still jointly manage the current product."

Pic Credit: Kanye West

"F-K Adidas I AM ADIDAS ADIDAS RAPED AND STOLE MY DESIGNS," West, 45, wrote

Pic Credit: Kanye West

in response to the revelation on Instagram.

Pic Credit: Kanye West

In order to handle production and distribution for his Yeezy brand,

Pic Credit: Kanye West

the fashion designer first collaborated with Adidas in 2013.

Pic Credit: Kanye West

The agreement was intended to extend through 2026, but in August

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of last year, West started to express his annoyance with the business.

Pic Credit: Kanye West

At the time, Adidas didn't reply to West's accusations.

Pic Credit: Kanye West

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Pic Credit: Kanye West