The Britpop group, who parted ways in 2003, are planning a headline gig in March and will announce the venue imminently, according to The Sun.
Original guitarist Bernard Butler will reportedly not join the reunion. Richard Oakes, who replaced Butler in 1994, will take his place.
Suede rose to fame in 1993 with their chart-topping self-titled debut album. They released a further six LPs, including greatest hits package Singles.
The group notched up eight Top 10 singles, including 'Trash', 'Beautiful Ones' and 'Electricity'.
Lead singer Brett Anderson released third solo album Slow Attack in November 2009.