In the statement, the band stated "Last night, Adam Jones, in a private conversation with fans attending the Portland Tool concert, joked that the band's new album was not only finished but coming out the next day," "Unfortunately, his off-the-cuff joke was taken out of context. Work on the forthcoming album is ongoing and as soon as it is done, trust me, we will be the first to let everyone know."
Additionally, the bands guitarist Adam Jones posted on Twitter "hello greg. fyi "the record's done and its coming out tomorrow" is what i said yesterday followed by "just kidding..."
Giving that Tool is notorious for promising a new release, it's anyone's best guess when we'll actually see a new album.
The group is currently on its first stretch of a North American tour that started in Spokane, Washington earlier in the week. The band will be closest to the Monterey, CA area when they play in San Francisco on March 11 at Bill Graham Civic Auditorium.