Complex sentence: Although widely speculated that Richie is working on an album, she told People that it's not true; however, she said "I do eventually (want to record an album), but right now I have a lot on my plate".
Split into simpler sentences: Although widely speculated that Richie is working on an album, she denied the rumors to "People". She was quoted as saying, "I do eventually (want to record an album), but right now I have a lot on my plate".