Victoria Beckham, Mel C, Mel B, Emma Bunton and Geri Horner have been pictured together for the first time in six years as they met to plan the Spice Girls reunion.
Pop Idol mastermind Simon Fuller, 57, is behind the venture — and is believed to have promised reluctant Victoria her vocals will not be needed.
A source close to the band said: “This is the pop reunion no one thought would ever happen again.
“But after a long period of negotiation Victoria agreed the time is right to work on new projects this year.
“It’s very exciting because she has always been adamant she wouldn’t go back.”
They are considering TV projects in China, a new telly talent show, endorsement deals and a compilation album celebrating their greatest hits.
Our insider added: “Victoria and Geri agreed it would be impossible to be part of a fully-fledged tour because of family and business commitments.
“Now that she’s a top designer Victoria is concerned about singing but she wants to make money to pump back into her business.”
Victoria’s fashion empire, launched in 2008, made a loss of £8.4million last year.
The band’s debut single Wannabe hit No1 in 1996 and they went on to become the biggest-selling girl group ever — shifting more than 85million records — before splitting in 2000.
New song Headlines (Friendship Never Ends) was released in 2007 but a reunion tour had to be cut short due to personal and family commitments.
They performed at the closing ceremony of the London 2012 Olympics and appeared at the premiere of ill-fated musical Viva Forever! that December.
It was the last time they were seen together — although Geri has stayed close to the rest.
She said last October: “I really pushed to get everyone back together.
It got to the point where I had to let it go. I still love the girls and there are other bits and bobs in the pipeline.”