Mumford & Sons are working on their third album.

Winston Marshall, the banjo player in the hit folk rock band, has confirmed that their future release is already in production.

The new record's framework is in place and fans can expect to hear tracks from it soon.

"Will we wait years for the next album? F**k, no. You heard it here first. We've just started working on new songs, got a rehearsal studio," Winston explained to NME magazine. "They're bones of songs, but really exciting bones. Sturdy bones."

Mumford & Sons have had huge success in 2012, following the release of their second record Babel. Winston discussed some of the highlights of the year, including performing at the Hollywood Bowl.

"We played some f**king cool places this year - we did a gig in Kentucky, on the oldest working steamboat. The Hollywood Bowl gigs were special. On the first night [of two] we were so over excited we rushed through the first half of the set," Winston remembered. "If Marcus [Mumford, singer] goes really fast, I can't keep up and everyone realises I can't actually play the banjo."

Babel hit stores in September and has thrust the band into the limelight in America, where it sold 600,000 copies in the first week of release.

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