With Led Zeppelin singer Robert Plant not wanting to tour or record with the band, guitarist Jimmy Page, bassist John Paul Jones and drummer Jason Bonham are "trying out a couple of singers".
Speaking to BBC Radio Devon, Jones said: "We want to do it. It's sounding great and we want to get on and get out there."
He continued: "It's got to be right. There's no point in just finding another Robert. You could get that out of a tribute band, but we don't want to be our own tribute band. There would be a record and a tour, but everyone has to be on board."
Led Zeppelin reunited for a one-off concert in London last December which Jones described as "wonderful".
He said: "The most pleasure is making music. I love listening to it, but nothing is as much fun as having an instrument in my hand and communicating with people."