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Duff McKagan shared a Velvet Revolver update with Billboard this week while doing press for his new project, Walking Papers.

"We talk about it every now and again,” says Duff. “Slash and Matt (Sorum) and Dave (Kushner) and I played in South Africa at the beginning of June...and of course we talked about it. We've tried out a bunch of singers, but I think we're just waiting for the right person to come along. It'll just happen. But the chemistry of Matt and Slash and Dave and I is really good, so you don't want to let that just go away."

In late 2010/early 2011, the lineup recorded demos with Slipknot/Stone Sour singer Corey Taylor, but reports indicated that Slash was unable to commit to adding him to the lineup, and the project was put back on hold as the guitarist continued his endless touring in support of his debut solo album.

Velvet Revolver reunited with Weiland for a four-song set in January 2012 at a Los Angeles tribute concert for late songwriter John O'Brien, but the band has otherwise remained inactive since his 2008 departure.

As for Weiland's current dust-up with Stone Temple Pilots, meanwhile, McKagan simply notes that, "You could kind of see it coming, I suppose. It's a sad situation any way you look at it. That guy...You hope (Weiland) pulls it together; I shared enough good times with that guy that I wish him nothing but the best."