The iconic British band are regulars on the touring circuit but have not released a studio album since 2006's Endless Wire.
Pete said that he and frontman Roger Daltrey have struggled to pen a new record, but the chart topping success of their 1960s contemporaries the Rolling Stones' new blues album Blue & Lonesome has made them determined to get recording.
"We've tried a lot to make records together, very much like the Stones. They did their blues album (Blue & Lonesome), which has done very well. So now everyone's suggesting The Who should do the same!
However the 71-year-old is worried that any new music will fail to match up to iconic hits like "My Generation", and that the band will struggle to compete with younger acts.