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"Working with 'the Shredder' on new SP songs," Billy noted via Facebook, along with a photo of Jeff jamming on the guitar.
Last month, the frontman posted a photo of himself with a guitar and the "Writing new SP songs" caption, so it might seem that the tracks are actually shaping up and require the involvement of additional band members.
So far, this year's updates significantly differ from Corgan's pessimistic comments in 2013. As reported, the frontman went far enough to consider giving up touring, stressing he simply has nothing to prove. "Why stand there and try to prove something, I have already proven?" he asked.
The latest Smashing Pumpkins studio effort, "Oceania," saw its release in June 2012 via EMI Records.