Despite the "now" in the title, the tracks on this album were recorded anywhere from one to three years before its release. The Beatles' "Hey Jude" was a leftover from the sessions at the American Studio in Memphis in early 1969. "Sylvia" and "I Was Born About Ten Thousand Years Ago" were recorded during the Nashville sessions of June 1970 (the latter had been released in fragmentary form on the Elvis Country album). The rest of the songs were from more recent sessions held at RCA Studio B in Nashville in March, May, and June 1971.
The only single from the album, "Until It's Time for You to Go" / "We Can Make The Morning" reached number 9 on the Adult Contemporary Chart in the US in March 1972 and number 5 on the UK Singles Chart in April 1972. The album was certified Gold on March 27, 1992, by the RIAA. "Sylvia" became a big hit for Elvis in Brazil in the 1970s.