So it's been forever since the last Tool album as everyone knows, and the band has said a few times this year that they are working on the next album. However as we all probably can gather that process is going rather slowly. Tool, being one of the biggest bands in metal, can actually afford to take this long and still make tons of money. Loudwire has an article stating that Danny Cary, in a recent trip to the school of rock in LA said that the band has the framework for about 5 good songs done. So about half the album is practically written!
The band is expected to enter the studio sometime this summer to start recording with an album release expected for sometime at the end of the year. Lets hope it doesn't get pushed to early next year. We've already waited too long.