Members Tionne 'T-Boz' Watkins and Rozanda 'Chilli' Thomas are the two surviving members of the band, who lost third member Lisa 'Left Eye' Lopes after her death ten years ago in a car accident while on vacation in Honduras.
Watkins explained in an interview with Essence: "We're going on tour; we are in negotiations now with LA Reid, so we'll see what happens. A lot of cool things are coming up."
According to TMZ, the group have scheduled concerts in five cities for the tour so far.
They are also reportedly considering the same hologram technology used in the Tupac Shakur performance at this year's Coachella festival to incorporate Lopes's vocals into their show.
The 'Waterfall' group have revealed that they are gearing up for a made-for-television biopic about the band, as well as recording new music.
"Another TLC album? Yes, that's for sure! We'll have new music right after the movie drops. We have everybody that was there with us from the beginning on board", Thomas added.
TLC last performed together as a duo in in New York during June 2003, using video footage of Lopes singing the same songs to accompany them during their set.
Watch TLC's music video for 'Creep' below: