News that Simon & Garfunkel will be honored Sunday (Feb. 23) with a Lifetime Achievement Award during the Grammy Awards has sparked rumors of a reunion of the famed duo. Unfortunately for fans, re

News that Simon & Garfunkel will be honored Sunday (Feb. 23) with a Lifetime Achievement Award during the Grammy Awards has sparked rumors of a reunion of the famed duo. Unfortunately for fans, representatives of the individual artists issued a joint statement to scuttle talk of a possible tour.

"Paul Simon and Art Garfunkel are looking forward to receiving the Grammy Lifetime Achievement Award at this weekend's ceremonies," the statement reads. "Despite speculation that there is a reunion tour in the works, there have been no discussions -- either with their respective managers or with Paul and Art themselves -- about a tour. They're proud to be back at the Grammy's and are focusing on the joy of being bestowed such an honor."

Reports suggest the pair is pondering performing at the Grammys and even rehearsed earlier this week. But at deadline, there was no confirmation of their plans.

Yesterday (Feb. 20), London's Evening Standard reported that negotiations were underway between the duo and its representatives for an extended world trek. The story went as far to say that a proposed split of profits in Simon's favor was a stumbling block to sealing reunion plans.

After teaming up as schoolmates in the late 1950s, Simon & Garfunkel found worldwide success with their folk rock sound before going their separate ways in 1970. They teamed up again for at 1975 single, "My Little Town," and reunited in 1981 for a massive concert in New York's Central Park. Later in the decade they toured together, but a plans for a new Simon & Garfunkel album never panned out. Last year, the group's recorded output was reissued in expanded editions by Columbia/Legacy.

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