The Stone Roses are set to release a new album next year according to tabloid reports this morning.

The band from Manchester who split in 1996, embarked on a much hyped reunion tour this year which included a sold out gig in the Phoenix Park. Despite not playing any new material on this tour the band did sign a two album deal with Universal when they reunited.

A source speaking to The Sun newspaper said 'John and Ian have been sending each other ideas for over a year now. During rehearsals they have tried some new songs and really felt that the old magic was still there with the songwriting. They have decided they will give it another spin with new music next year.'

Whether this is true or not we will have to wait and see but there might be some truth in the rumour as filmmaker Chris Coghill who is currently making a film about the band told the BBC that he had been privy to some of the bands new material and that they 'have at least three or four new songs.'

The Stone Roses are also set to play a secret gig this week to help celebrate the Olympic games.