Extraloveable was first released on the stand-alone digital single Extraloveable in 2011, to promote the Welcome 2 Canada Tour beginning two days later. While the recording was new, the track itself was 29 years old.
The original track was recorded on 3 April, 1982 at Sunset Sound, Hollywood, CA, USA (two days after re-recording Wouldn't You Love To Love Me? and two days before 3 x 2 = 6). The song was considered for inclusion on Vanity 6, but it is not known if a version with vocals by Vanity 6 was recorded. It is possible that the track was worked on further in 1983, as some of the lyrics could be interpreted as referring to Dez Dickerson's departure from the band and Wendy Melvoin's arrival.
In 1988, engineer Chuck Zwicky pulled the track out from the vault and remixed it, telling Prince it should be released. During Prince: A Celebration in June, 2000, computer screens at Paisley Park Studios offered names of a selection of tracks which users could vote on for inclusion on Crystal Ball Volume II, and while the track (now known as Xtralovable) was chosen by fans, the project was ultimately abandoned. It is not known whether this version was the same as an earlier version, or an alternate recording.
On 4 March, 2011, the website drfunkenberry.com reported that Prince was "about to unleash" a "25 minute live version" of Extraloveable (written as Extra Loveable), but nothing is currently known about this version (Extraloveable had at that point never been played live, so this may be a live in-studio recording), or how it was planned for release. The version eventually released was a studio version, likely recorded later in 2011, featuring a rap by Andy Allo (who first started performing with Prince in May, 2011); the track was likely recorded at Paisley Park Studios, although this is unconfirmed.
Prince stated in a radio interview with Toronto radio station 104.5 CHUM FM (also released as a podcast) that he had three versions of Extraloveable, and that they would all eventually be released; he also stated in the interview, however, that the released version was the 1982 recording with some minor tweaks, while it in fact appears to be an entirely new recording.
On 19 June, 2013, a new version, titled Extraloveable Reloaded, with the rap omitted and horns added, was released on 3rdEyeGirl.com.
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