Apparently back in 1996, the Sex Pistols considered releasing new music. NME reports that the lone dissenter was John Lydon.
Matlock went on to reveal that he had been keen to write new music during their first reunion: “Back in 1996, there was a bit of talk about it. Me, Steve [Jones] and Paul [Cook] [wanted to] but John thought shy of it. I don’t know why, maybe he thought stuff that he’d written didn’t match up to [the past] and that [the band’s legacy] might be diminished by it somehow.”