Serato has released Serato Studio 1.6,  a free update that adds audio recording.

The update is designed to make it easy to record vocals, track instruments, sample from vinyl and make complete songs.

This update also brings Audio Track improvements. In 1.6, Audio Track capabilities have been expanded to bring more power and functionality to the Song View. The ability to drag and drop clips into other tracks helps to speed up your process, allows for better clip organization, and makes editing even easier.

A further three FX slots (six total) have been also added to the Audio Track, while the ability to add FX directly to an Audio Deck Pad has been removed.

Serato has also added the ability to keep adding pads, so you can build tracks with the depth you desire.

With 1.6, Serato has also created their own Virtual Audio Driver for Mac ,which is easy to install in-app. This gives you more control, and more importantly works with Big Sur, unlike third-party drivers.

How to sample vinyl in Serato Studio 1.6:

How to record instruments in Serato Studio 1.6:

How to record vocals in Serato Studio 1.6:

See the Serato site for details.