The British band, who were huge in the 80s, have fueled rumors of a possible tour after frontman Morrissey and guitarist Johnny Marr – who is now a member of UK rockers The Cribs – ended their bitter feud dating back to Marr's departure in 1987.
A source told Britain's Daily Mirror newspaper: "The very fact they are talking again is the most hopeful thing in years. The industry has been buoyant with talk of them getting back together."
"A lot of people think of them as the best thing since The Beatles. They'd fill stadiums many times over."
The pair recently teamed up to put together compilation album "The Sound Of The Smiths" - which was named by singer Morrissey and digitally updated by the guitarist - featuring a mixture of singles and rarities.
It was recently rumored the band – which also included bassist Andy Rourke and drummer Mike Joyce – would play next year's Coachella music festival in California.
Morrissey - who has enjoyed a successful solo career - has always been adamant he would never reunite the group, recently saying: "I'd rather eat my own testicles than reform The Smiths - and that's saying something coming from a vegetarian."
The Smiths had nine top 20 singles after forming in 1982.
