The band are set to play a headline slot on the NME/Radio 1 Stage at the event, which takes place on August 27-29.
Taylor-Davies told NME.COM that the band plan to release their second album in the latter half of 2010 and use the festival to announce their return.
“I think in England it’s just going to be Reading and Leeds in terms of festivals this summer,” he said. “Then we’ll tour all the way through to the next festivals. I think we’ll do a few spot shows around the summer, but this will be our big comeback.”
He added: “One of the fundamental things about this new record is how much of a live record it is: it was written and recorded with the four of us in a room facing each, in a room that was about three metres squared.”
Guns N’ Roses, Arcade Fire and Blink-182 are set to headline the 2010 bash – while The Libertines are set to reform especially for the event. Read the full 2010 Reading And Leeds Festivals line-up on NME.COM now.
In the meantime you can watch a video interview with Reading And Leeds Festivals chief Melvin Benn about this year’s event on the right.
Plus tune into NME