The legendary guitarist said last week that the Stones were planning to meet at a recording studio in May to "throw some new ideas around" in advance of their 50th anniversary.
Wood has now clarified to Billboard that his hopes for a new Rolling Stones album were premature.
"I heard from [Mick] Jagger; he's going, 'What the hell?! We don't know anything yet!' And I said, 'You know what [the press] are like. I just expressed my personal view. I would love to go into the studio'," Wood explained. "[The media] took it all wrong… So I have to make a personal apology to the rest of the band. I didn't mean to say things out of line."
Wood went on to insist that The Rolling Stones will mark their 50th anniversary in some way, but their plans are simply unclear at this point.
"Whatever is going to be done, we will know in the next few months," he added.
Wood and his other Rolling Stones bandmates have all participated in a new documentary about the group's history, which has been directed by Brett Morgen and will debut later this year.
The Rolling Stones' last studio album A Bigger Bang was released in 2005.
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Watch The Rolling Stones perform 'You Got Me Rocking' below: