Surviving members of The Kinks are working on new original music, which could possibly appear on a new studio album in the not-so-distant future, according to founding member and recently-appointed Knight, Ray Davies.

Related: The Kinks To Reunite After 20-Year Break, Says Frontman Ray Davies

Davies discussed the current state of the rock band in addition to informing fans what they’ve been up to lately in a new interview with Rolling Stone. In the interview, Ray says he and his brother/bandmate Dave Davies and original Kinks drummer Mick Avory have been working on developing a planned 50th-anniversary reissue of their 1969 concept album, Arthur (Or the Decline and Fall of the British Empire). Davies says the project is “virtually done” and ready for an October release.

Throughout the process, however, the group rediscovered a number of songs which have never been finished or released. The group has since started to some new compositions written by Ray, in addition to finishing (or re-recording) some of the above-mentioned older demo recordings for a completely separate project.

“The songs are really just in demo form now, but good demos,” Dave Davies said in the interview. “Ray is still dissecting various other material we might use. The intention is to get the work out, but it’s not a done deal … This has really been going on for a couple of years. We keep going backwards and listening to a lot of old stuff. Some of that is very good, and some of it needs a bit of work.”

Davies continued in stating that he’s not sure if the band would go back out on the road and tour even if they did have a new album of material.

“I really don’t know. I think its possible. It’s not out of the question. But at this stage, it’s far too early to say. It would be fun though, wouldn’t it?”

[H/T Rolling Stone]