It looks Tool's new album will finally see the light of day next year. Drummer Danny Carey told Loudwire the following when asked if the effort would surface in 2018:

“Yes. I’m saying definitely. We’ll probably have it done in the first half [of the year] if things go as planned. There’s setup times and manufacturing – I can never predict all that, it seems like it’s constantly evolving. [What time of year it will be out] I can’t tell you.”

He also had this exchange on the Metal Sucks podcast:

“Metal Sucks: My co-host Brandon talked to Justin Chancellor earlier this year. Justin made us feel like Tool would have a new album out in 2018. On a scale of 1-10, how much did Justin lie to us?

Carey: “He did not lie to you. On scale of how much he lied, it would be zero. It’ll be out. It’ll be out in 2018.”