The source added that so far the Spice Girls have no agreed on the shape their reunion will take, and whether it will involve such a performance.
Fans went wild on Friday when Victoria Beckham, 43, Geri, Emma Bunton, 42, Mel C, 44, and Mel B, 42, all shared a social media snap of them back together, confirming that a reunion was in the pipeline.
Following the meeting, The Spice Girls released a statement to MailOnline that read: "We have enjoyed a wonderful afternoon catching-up and reminiscing about the amazing times we have spent together. We are always overwhelmed at how much interest there is across the whole world for The Spice Girls.
"The time now feels right to explore some incredible new opportunities together. We all agree that there are many exciting possibilities that will once again embrace the original essence of The Spice Girls, while reinforcing our message of female empowerment for future generations."
The reunion was expected to earn each of the girls $19 million, with ideas such as a TV special, album and endorsement deals all being discussed.
Prince Harry and Meghan, who announced their engagement in November, are set to tie the knot in Windsor on 19 May, and so far it has not been revealed how the ceremony, or the reception, will take shape.