Rock and roll veterans The Rolling Stones are heading back into the studio, according to guitarist Ronnie Wood.

"We're going to get together to have a rehearsal and see what happens," Wood said at the opening of his new art show Faces, Times and Places in New York on Monday, according to Reuters.

"We will be doing new material, but we haven't had a chance to chat with each other yet about what it is. Mick [Jagger] and Keith [Richards] will get together on that."

Some form of retirement for the rock legends has long been rumoured. The band's last successful concert tour ended in 2007, for the album A Bigger Bang.

In 2010, the group reissued Exile on Main St. to coincide with the debut of the documentary film Stones in Exile, which explores the making of the band's classic 1972 album. So far this year, the band has since released a pair of live albums: L.A. Friday (Live 1975) and Hampton Coliseum (Live 1981).

In March, the Stones announced a forthcoming documentary that will chronicle the band's colourful and lengthy history. It will be directed by Brett Morgen, but no release date was revealed.

There have also been rumours of another world tour (potentially in 2013) to celebrate the group's 50th anniversary.

In recent years, Wood has focused on other outlets for his creativity, including his sideline career creating paintings, sketches and art prints.