Frontman, Pete Doherty is reportedly suffering ''financial difficulty'' and is hoping the large sum of money offered to reform will help clear his debts.
The Libertines have hinted at a reunion gig in London's Hyde Park.
Frontman Pete Doherty is reportedly suffering ''financial difficulty'' and is hoping the large sum of money offered to reform with co-frontman Carl Barât, drummer Gary Powell and bassist John Hassall in July will help clear the huge debt he accumulated after discovering he had fathered an 18-month old daughter.
According to musicharger.com, Pete - who already has son, Astile and daughter Aisling from previous relationships - told an Israeli newspaper: ''I don't know if I'm supposed to even tell you this, but we were offered to reform The Libertines for a show this July in Hyde Park. I got the call just yesterday.
''Well, I said, 'Yes'. The thing is when I think about it now, it was kind of a strange answer because I think in most days if you asked me the same question I would say no, but recently I tried to call Carl and couldn't reach him.''
''Not long ago I listened to The Libertines songs on YouTube and had a burst of nostalgia so I said what the heck, and then they told me how much they will pay us and I cannot lie to you I couldn't say 'No', at least not in my state right now.''
''I was recently called to family law court after a young girl I knew told me I was the father of her baby. I have a year and a half old girl and I need to pay a lot of alimony, I'm in debt. It's very complicated for me to say 'No' right now, I have financial problems.''
Pete's band mates are yet to comment on the speculation, but the group have since teased their appearance at the festival by posting a picture of Hyde Park to their Facebook page.
The live album is set for released in November.
The movie begins filming in the UK.
Time to learn what Kathy Bates' character has to do with all of this.