Taylor and his bandmate Brian May worked on the production with scriptwriter Ben Elton, but it was met with a slew of bad reviews after it opened in 2002.
However, it proved popular with theatre audiences, going on to become one of the West End's star attractions, and other versions of the musical have since been staged in countries all over the world.
Taylor is adamant Mercury would have loved the flamboyant show, and his only complaint would have been the size of the imposing statue of himself outside London's Dominion Theatre, which hosts the production.
Drummer Taylor tells Mojo magazine, "Oh, he would have loved it, but he'd have thought that the statue wasn't big enough - 'Not big enough darling!' People who think he'd be turning in his grave about We Will Rock You just don't get him."