The Birmingham band have been enjoying renewed success since releasing Red Carpet Massacre in 2007.
Ronson – who has produced an array of names including Amy Winehouse, Robbie Williams and Adele – is said to be looking forward to the collaboration.
A source told the Sunday Mirror that the producer is confident he bring a contemporary feel to the former new romantic band's forthcoming material.
"Mark is really excited by the whole project. He thinks he can bring a really fresh sound to the band," the insider said.
Ronson – who collaborated with Duran Duran at a gig in Paris last summer - won best British male at last year's Brit Awards after releasing a hit album of cover versions.
The pop group enjoyed huge success in their 1980s heyday, with hits such as Wild Boys, Save A Prayer and Rio.
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