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 '12 Years A Slave' director will receive the accolade at the London Film Festival in October.
Critics from all over the world were asked to name the best movie of the past 16 years.