The band has a new album, titled Saturday Night Wrist, in production, confirmed for on October 31, 2006. Tracks that are being speculated to appear on the new album are "Beware the Water" , "America",  "Tilde", "Cherry Waves", "Mein", "Interlude", "Buffalo", "FM", "Pink Cell Phone", "Rats", "Hole in the Earth", "Comanche", and "Combat"
Rather than work with longtime producer Terry Date, Deftones decided to record with Bob Ezrin. Cunningham says that while the group enjoyed working with Date, "At this point, we just needed to change things up ... And this is definitely a different style. Working with him (Ezrin) is just putting us fucking upside down. He's cracking the whip." The band has since chosen not to go with Ezrin's production of their work. Instead, they stated on their official webpage: "We will be spending 4-5 days in Sacramento in late January [of 2006] to record songs with Chino, and will then head straight to Seattle to record the bulk of the album with producer Aaron Sprinkle."
As of April 7, 2006 the band is finishing recording the album with former Far guitarist Shaun Lopez as producer. Confirmed collaborations on the record include Annie Hardy from Giant Drag on the song 'Pink Cell Phone' and Serj from System of A Down on the track 'Mein'.
The First single is called "Hole in the Earth" and as of August 19, 2006 it can now be heard on the Deftones myspace page - see www.myspace.com/deftones, or the official site. The single is scheduled to hit the radio on October 16th, 2006. On certain dates of the 2006 Family Values Tour, fans will be able to preorder the album.