Blur are due to reunite for a performance at this month's Brit Awards after they are handed the 'Outstanding Contribution' prize.
The guitarist explained that the band have yet to meet up for rehearsals for the gig, but that he a new album is very likely.
"It's pretty nice to be getting the Brit award," he told the Daily Record. "We haven't planned the rehearsals yet, but there will definitely be another Blur album."
Coxon added that Blur's run of gigs in 2009 was an "amazing healing experience" and that he is looking forward to working with them again this year.
"2009 was an amazing healing experience for us. We were really swept away with it and got a lot out of our systems. We realised how much we still had in common, that we are good friends, that we are brothers.
"We're always going to meet up and want to play things. We do like recording. Eventually, even if things aren't around the corner, Blur will do more recordings together. We all love each other and still like making music so that's not a bad start."
Blur have been rumoured to be working with producer William Orbit on a possible album.
Graham Coxon will release his eighth studio album A+E on April 2.
The Brit Awards will be held at The O2 on February 21, 2012.
Watch a video trailer for Graham Coxon's A+E below: