The UK Indie group released 'A New Morning' in 2002 to a poor critical and commercial reaction, before splitting in 2003.
The band have subsequently reformed and performed a number of live shows and Brett said the recent experience has given him a new perspective on the group's career.
He told radio station XFM: "One thing I've really learnt from this whole process of reforming the band is things that I've regretted releasing, maybe the last Suede album, the reaction to it.
"I kind of regret that kind of reaction. Nothing would see the light of day unless I was really, really excited about it. So there's a possibility we could do some writing together but no-one ever knows about it."
Suede - which also includes Neil Codling, Simon Gilbert, Richard Oakes and Mat Osman - are presently preparing to play their first three albums, 'Suede', 'Coming Up' and 'Dog Man Star', in full on consecutive nights at in London, and Brett added that he feels it will be a worthwhile experience for the group.
He added: "It's a challenge but I think it's quite nice. Sometimes you can get quite used to just banging through the hits when you're touring.
"I think just looking through your back catalogue and being challenged by it and having to work things out and engage with it in a different way is probably quite good for you as a musician."
Suede will play at the play at London's O2 Brixton Academy on May 19, 20 and 21.