Carl Barat admits there is a ''colossal risk'' involved in reforming The Libertines.

The co-frontman, who will be reunited with bandmates Pete Doherty, Gary Powell and John Hassall for a gig at London's Hyde Park this summer, understands the group reforming isn't without its risks.

He told NME magazine: ''For me, the right reasons are, can we do it? Do people want to do it? Would it be a good thing to do? And I don't f***ing know. I'm not saying for a second that it's without a colossal risk, doing this.''

Pete let slip in a phone interview to an Israeli journalist earlier this month that the 'Can't Stand Me Now' hitmakers were coming together for the concert and claims his often turbulent relationship with Carl has been fixed.

He said: ''Don't listen to what I said before. It's all good with Carl at the minute. He's grown up a bit. The way he talks to me, I can see it ... his face is evolving somewhat. He's lost a bit of the crippling darkness and weariness in relation to me. I love him.''

The Libertines play Barclaycard British Summer Time in Hyde Park on July 5.