The Davies brothers formed the London-based band in the 1960s and enjoyed success with hits including You Really Got Me, Waterloo Sunset and Sunny Afternoon, but the good times were marred by the siblings' infamous feuds.
One final battle eventually led to the end of the group and the Davies brothers have been mostly estranged ever since.
However, in October (13) Ray revealed he and Dave had been in touch and were discussing the possibility of reforming the band.
The singer now tells Britain's The Sunday Times newspaper, "I met Dave only last week to talk about getting back together again. We've also spoken a few times on the phone and emailed. He's been composing his own songs but I'd like to write with him again."
However, the rocker revealed that if he does perform with his brother again they will not play their classic hits.
He adds, "We both agree we don't want to do old stuff or tour with past hits. It's got to be something new."