Seventeen years after he fired her as the bass player for Smashing Pumpkins, Billy Corgan has rekindled his friendship with D'arcy Wretzky. However, he made it clear that, although he's not ruling it out, the band's original lineup are not getting back together, saying, "We’re not at that point."

Corgan's announcement came via a video that he posted to his Facebook page, and which you can find below. He said he was making it to clarify what he said two weeks ago about "some big stuff happening" in the Pumpkins camp and how they were "making plans." The guitarist said that those comments got blown out of proportion, leading many to believe that a reunion was imminent, but really all that happened is that he and Wretzky are talking again for the first time since the split.

"We’re back in contact again, the band," he said. "I’ve been in communication with D’arcy for the first time in 16 or 17 years, it’s awesome to have my friend back." Adding that the band was a "family for a very long time," Corgan said that re-establishing contact improved both their personal and business relationships, noting, "You can talk about the old days, you can have a laugh, you can see how each other are, you can check in, and sometimes there’s business things that come up where it’s easier to just talk about them than to have to go through a bunch of lawyers and stuff."

That led him to address the reunion rumors, suggesting that it would have to take some time before the subject is broached. "We’re not at that point," he continued, "and I think that’s a good thing. We’re not rushing to something, we have to repair some things between us, and see what’s out there for us, if those opportunities are even there."

Back in April, Wretzky said that she'd been asked to rejoin the band four times since 1999 and that "Circumstances would have to be a certain way" for her to come back. The other estranged member of the classic lineup, James Iha, sat in with the Pumpkins during a tour stop in Los Angeles. Drummer Jimmy Chamberlin is currently in the band.

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