Drummer Jones has been holding out hope for a reunion tour for years, but former Faces frontman Stewart has turned down countless offers to get the band back together - and when the group reformed for dates in 2009 and 2010, they had to call on Mick Hucknall to stand in for their absent singer.
But now it's beginning to look like Jones, Stewart, Wood and keyboard player Ian MCLagan are getting closer to reteaming on the road, with the drummer stating, "Woody's management and myself, we were talking to Rod's management.
"It would be lovely to do, we've been talking about it (for) long enough. You've got to start talking about it about a year ahead of (when) you're going to do something. The Faces never finished on a good note, so it would be nice to finish on a good note, and that would be that."
Jones explains negative comments about the reunion MCLagan made last month (Dec13) have not dampened the enthusiasm for a long-awaited get together.
He says, "Mac didn't realise we were talking because it was in its early stages, but he understands full now (sic)."
And Jones reveals that Stewart's touring bass player Conrad Korsch will probably stand in for the late Ronnie Lane when The Faces reunite.
The Faces split in 1975 and Stewart, Jones, MCLagan and Wood briefly regrouped in the summer of 2008 for a rehearsal that amounted to nothing.
Illness kept Stewart from attending the Faces' 2012 Rock and Roll Hall of Fame induction.