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Contrary to reports, Steven Tyler has not quit the band Aerosmith.

The rocker, who was widely reported to have quit his 40-year partnership with the band’s lead guitarist Joe Perry after a bitter rift, now says he does not intend to leave.

Trade daily The Hollywood Reporter cited unnamed sources that said Tyler is expected to make an announcement soon saying he didn’t quit the band and doesn’t plan to.

Joe Perry said he and the band were “positively looking for a new singer to work with”. Perry’s announcement came on his Twitter page after several weeks of hints from both Tyler and Perry. Tyler’s bouts of illness had caused the American rockers to shelve the rest of a North American tour. Perry and Tyler had been feuding after being songwriting partners for 40 years.

The Hollywood Reporter, meanwhile, said the band’s affairs were complicated lately by the fact of separate management and legal teams kept by Perry and Tyler.

It really seems like Aerosmith is really over and done for. Joe Perry’s Guitar Hero bus and another white bus were spotted outside of the band’s recording studio in Massachusetts earlier this week. Equipment was being moved out of the studio all day. The guitarist has spoken that whether or not lead singer Steven Tyler has quit or is just taking a bit of a vacation, the band will go on with their music. I don’t care if he has a big ego. It just won’t be Aerosmith if Steven isn’t involved. Maybe they should just sit this out and just make a comeback when they’re 100.

Aerosmith lead guitarist Joe Perry said that people can’t expect that their court ordered show in Hawaii in October to be as great as the rest of their concerts due to lead singer Steven Tyler’s injury. The band is obligated to perform though after losing a class action lawsuit due to a 2007 cancelled performance in Maui. Brandee Faria, the ringleader in the lawsuit says that “They know they can’t come out and do a 30-minute gig … because I’ll be there watching.” Mind you, Aerosmith just cancelled their tour back in August because Steven had a nasty fall and injured his shoulder.