“A hit song with Jason Derulo and Michael Bublé was probably not on most people’s 2024 bingo cards,” he tells PEOPLE

Michael Bublé and Jason Derulo are heating things up.

The singers joined forces to release their latest single, “Spicy Margarita” and are “shaking up” the music scene.

“A hit song with Jason Derulo and Michael Bublé was probably not on most people’s 2024 bingo cards,” Bublé tells PEOPLE, laughing. “But I love that both of us are doing something that was this unexpected and still it resonates.”

Despite the “unexpected” collaboration between Bublé, 48, and Jason Derulo, 34, for the pair, this has been a long time coming. “Jason and I have been friends since 2013, so there was always hope that we’d work together,” the “Feeling Good” singer says. “We always dug each other’s music, but there was never a reason — there was never anything that seemed to work like this.”

When the two friends put their heads together and created the single, Bublé knew it was “an instant hit.” “I knew we had it. I called [Ryan]Seacrest and said, ‘I’ve got a hit song with Jason

Derulo.'”

Bublé tells PEOPLE that once he heard who the singer collaborated with, Seacrest went silent. “I said, ‘I know what that silence means… you’re asking why Michael Bublé and Jason Derulo are doing a song together. Listen for 40 seconds, and if you don’t think it’s a global hit, I will walk away’.”

Shortly after, the 49-year-old radio host called Bublé back. “He said, ‘This is a global hit… I didn’t know how it was going to work, but oh my God, it worked’,” the “Beautiful Day” singer recalls.