The 65-year-old rocker left the band in 1996 in order to pursue a solo career, reported Rolling Stone.
"Writing the book (memoir, 'Not Dead Yet') reminded me how close we were. We're still great pals. Tony (Banks), Mike (Rutherford) and I went out on my birthday in London.
"Anything can happen, really. I just don't want to suddenly take the break off and start flying off and doing things.I just want to do things carefully and think about the consequences," Collins said.
"If I was an able drummer I'd gladly get behind the kit and drum for Pete. But the fans need to know what they'd get. I told that to a German journalist once and he said, 'It would be fun to see Peter sing 'I Can't Dance' and to see me sing 'Supper's Ready.' I was thinking, 'I can't argue with this.
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