
Rumours have been circulating for months now that the Slipknot and Stone Sour frontman will take the singing spot Scott Weiland previously held.
McKagen told Music Radar: "We recorded a bunch of songs with Corey. I think he's fucking great – he's the best voice of a new generation and I'd be proud to do anything with him."
He wouldn’t be drawn on whether Taylor would join the band full-time, though.
"The truth is, I can't see Velvet Revolver happening until fall," he said. "Slash is touring, I'm just starting to tour – we'll just have to see. I don't have an answer."
The bassist is currently touring with his other band, Duff McKagan's Loaded. They play Download Festival this June.
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