Perry said in a recent interview the singer quit the band after making comments about wanting to work on solo projects. The guitarist also reportedly said the group was considering finding someone to replace Tyler, its front man for the last 39 years.
However, Tyler set the record straight Tuesday night.
"I just want New York to know, I am not leaving Aerosmith," NME.com quoted Tyler as saying during the Joe Perry Project gig at the Filmore. "And Joe Perry, you are a man of many colors but I, (expletive,) am the rainbow!"
The band then played Aerosmith's 1975 classic "Walk This Way" during which Tyler slung his arm around Perry, NME.com said.