The producer is said to be excited about the project, which follows the Birmingham group's 2007 release Red Carpet Massacre.
A source told the Sunday Mirror that while the rockers are in their 50s, Ronson is confident in finding something new to bring to the table.
"Mark is really excited by the whole project. He thinks he can bring a really fresh sound to the band," the insider said.
Kylie Minogue recently revealed that she would like to collaborate with the 'Rio' hitmakers as she has "always loved" their sound.