A report on Tool's website reveals that the band's three instrumentalists are working on new material -- specifically, a long, new song -- at their loft in L.A.

The post details a session where guitarist Adam Jones, bassist Justin Chancellor and drummer Danny Carey are listening back to what's described as "an 'epic' piece [they've] been arranging for quite some time now" and says they're smiling at what they were hearing.

But the writer is careful not to "suggest in any way that the band is ready to go into the studio anytime soon." He (or she) will say only that progress is being made on this one song and that Tool fans "will not be disappointed."