Well, the two may have been civil to each other at Mani's mothers funeral, but that does not mean a reunion would happen. Mani took to twitter and said that the rumors were a "total fantasy island," he then said to NME that he was "disgusted that my personal grief has been invaded and hijacked by these nonsensical stories. It isn't true and isn't happening."
The Stone Roses formed in 1983 in Manchester, England. The band only released two records, one of the greatest debuts of all time, their self-titled album in 1989 and then their final record Second Coming in 1994. The band split in 1996, since then Mani has gone on to form Primal Scream, Ian Brown still makes music and Squire is a painter. The legacy of Roses can be heard in the Britpop movement of the 90's and had a major influence on band's such as Oasis, The Verve, Blur and in later years The Fratellis, Kasabian, Glasvegas and many others.
Time will tell if this band would ever reunite or this could put forth the gears in motion, Stone Roses are the other band that has been more in demand to get back together from Manchester since The Smiths and in more recent years, Oasis.