Stevie Nicks announced last month that Fleetwood Mac will mark the 35th anniversary of their landmark album Rumours with a tour, also sparking speculation that they may headline Glastonbury.
In an interview with Rolling Stone, guitarist Buckingham expressed hopes that the live shows will convince his bandmates to record a new album.
"Absolutely, absolutely I would [love a new Fleetwood Mac LP]," he told the publication.
Buckingham went on to say: "In fact, about six, seven months ago, John [McVie] and Mick [Fleetwood] were over here and we actually cut some tracks, and we did enough for maybe half an album.
"But you gotta get Stevie [Nicks] on board with that, and at the time, she was really quite caught up in what she was doing... but I would love to do that because John and Mick were playing their asses off."
Fleetwood Mac last played together in late 2010, ushering in a hiatus that Buckingham says was healthy for the group.
"I've had a lot of growth. I sort of caught up on the need to explore the more esoteric side of the palette," he explained. "Fleetwood Mac is gonna start rehearsing probably the beginning of February and I'm actually looking forward to it. I miss those guys."
Buckingham released his most recent solo album Seeds We Sow in September 2011.
Watch Fleetwood Mac perform 'Say You Will' below: