The famous siblings have barely spoken since the band split in acrimony in 2009, and rumours of a reunion have surfaced repeatedly ever since, with guitarist Noel frequently denying them.
Earlier this month (May15), Noel killed off the latest speculation - that the Wonderwall hitmakers were to headline Britain's Glastonbury festival in June (15) - by insisting, "It's not going to happen" and blaming singer Liam for the constant rumours.
Now it has been reported that Liam, whose band Beady Eye folded last year (14) after just two albums, could be set to reunite with members of the original Oasis line-up for a possible comeback without Noel, the songwriter behind all of the band's hits.
British newspaper The Sun reports the band's former manager, Creation Records founder Alan MCGee, is behind the scheme to bring the notorious frontman back together with guitarist Paul 'Bonehead' Arthurs, bassist Paul 'Guigsy' MCGuigan, and drummer Tony MCCarroll, who all played in the original incarnation of Oasis.
A source tells the publication, "It's very early days but the wheels are in motion. Liam, Guigsy, Bonehead and Tony are all interested and keen to see how it can work. They don't seem to mind Noel not being on board, even though some fans won't regard it as a proper Oasis reunion."
A spokesman for Liam declined to comment when contacted by editors at NME.