Fans of Tool have long been clamoring for a new album since the 2006 record 10,000 Days.
But the album was not able to progress due to the lengthy lawsuit that involved the band's insurers.
However, things are looking great for the American rock band because the lawsuit has finally been resolved in favor of Tool, Rolling Stone reported.
While fans excitingly wait for updates, band guitarist Adam Jones revealed that the new album is indeed in the works and everything is well on its ways for the highly anticipated release date.
In an exclusive interview with Yahoo Music, Adams who openly discussed details about the excruciating lawsuit that stopped them from working on a new album for eight years, shared how they managed to work things out despite the dilemma.
"Our greatest strength is jamming and coming up with stuff," Jones explained.
"We're doing that really well now and I'm excited about everything we're working on. Some of it's really heavy, some of it's complex and some is more atmospheric, but it's definitely Tool. I think having this lawsuit out of the way should really speed of the progress of getting the album done."
Vocalist Maynard James Keenan revealed the band's progress on his Facebook saying, "I've been making regular trips to check on the writing progress of my Tool brethren... I'm as anxious to get this album completed as everyone else, but as history will show, you can't rush these gents."
And while Tool has been pressured by fans to make the new album in a rush now that there's no lawsuit that would prevent them from doing so, Jones explained that while they wanted to finish the record before the year ends, they are not going to rush things, instead they are going to be more relaxed.
"We're older guys now," he explained. "Everyone kind of has their own life, and the fire that burned in us when we were in our 20s isn't there anymore. There's still a fire, it's just a different kind of fire. So of course, we're writing and working hard, but we've gotten to a point where we're relaxed and we're meeting occasionally to get the writing done instead of every day. But I feel like every day we work on the songs is a productive day and we're getting closer and closer to finishing them."