I'm a university student and am looking for a master's thesis topic. I also have a job at a company and this company is cooperating with a chair / staff of a chair (i.e. people working for a teaching professor) from a different faculty but the same university to help them with a paper. The paper now is almost ready to be published and I have an idea for a master's thesis where that paper could help. When I'm discussing my idea with my advisor, is it okay to mention that I know that a paper about that topic is coming out soon and that I already read it several times while looking over it?