A world tour, re-enacting Python hits such as the famous Dead Parrot sketch, would prove hugely lucrative. The film and television legacy left by the Beatles of comedy retains huge popularity.
The Pythons hinted that they could revisit previously unreleased sketches. Palin, 70, said: "There was much more material written for The Meaning of Life and not used; probably as much as three times as much as we put in."
Cleese added: "Maybe we should do a Meaning of Life 2?"
Palin and Jones have recently filmed lost material from their 1969 ITV sketch show The Complete And Utter History Of Britain, which helped form the Flying Circus template, for DVD next year.
Fans will hope that the long-awaited reunion was prompted by a desire to create fresh mirth worthy of their legacy, rather than financial motivations. Earlier this year, the surviving members were ordered to pay extra royalties to Mark Forstater, a producer of the 1975 film Monty Python and The Holy Grail, who won a High Court case over Spamalot profits. This year, Cleese sold off his art collection and completed a live Alimony Tour to help pay for his divorce from his third wife, Alyce Faye Eichelberger.
The first episode of Monty Python's Flying Circus was broadcast on October 5, 1969. It ran for four series and spawned spin-off records, books and even German-language specials. Featuring open-ended sketches, which dispensed with traditional punchlines, its 45 episodes of surreal humour influenced many.
Monty Python's Life Of Brian, released in 1979, telling the story of a man mistaken for Jesus, was attacked by Christian groups and banned in some areas, but has since been named the greatest comedy film in history.
- Independent