By Adam Carlson and Maria Mercedes Lara at People   06/25/2016 AT 01:40 PM EDT

Aerosmith frontman Steven Tyler confirmed earlier this week the band is planning a farewell tour for 2017, telling Howard Stern on Tuesday, “I love this band, I really do, and I want to squash every thought that anybody might have about this: The band’s over.”

“We’re doing a farewell tour, but it’s only because it’s time,” Tyler, 68, said.

The radio host made Tyler confirm it: Did he mean “farewell” as in the band would be gone for good?

“Yeah,” Tyler said, adding that guitarist Joe Perry also knows.

 However, Tyler’s manager Rebecca Warfield tells PEOPLE the “farewell tour” doesn’t mean the band is completely over: … read more here