Guns N' Roses guitarist Slash may have just lowered fan expectations for a new studio album from the band.

Asked in a new interview with for an update on new music from the group, Slash responded, "There's been no definitive answer on anything and I'll just keep to that. Stuff is happening, but there are no specifics."

Slash elaborated, "More than anything, it's because of the nature of the industry right now. It's just like, how do you want to do this? I mean there's material and there's recording and there's s**t going on, but we're not really sure what we're doing with it right now."

Ever since Slash, singer Axl Rose and bassist Duff McKagan reunited in 2016, rumors have been circulating that new music from the band -- the first to feature the three original members since 1993 -- was in the works. The band itself has hinted at new music as well.

When pointed out to Slash that the music industry in 2020 is a lot different now than the last time Guns made a record, the guitarist said, "Yeah. And there's a handful people who said, 'Yeah, make a record and go old school.' And there's a handful of people that are, like, 'We don't even know what buying a record is any more.'"

Guns N' Roses will next perform at the second Bud Light Super Bowl Music Fest, set to take place January 30th through February 1st at American Airlines Arena in Miami. Guns will headline on January 31st.