"I said go for it", Wood said.
The father of six said: "I've had a fight with a touch of lung cancer".
Ronnie gave up smoking before his twin girls, Gracie an Alice, who he shares with wife Sally, were born 15 months ago.
The 70-year-old musician explains that at a routine appointment before a tour, he was informed that he had a cancerous lesion, a "supernova burning away on my left lung", as he called it. Apart from the doctors, we didn't tell anyone because we didn't want to put anyone else though the hell we were going through.
Ronnie's diagnosis was revealed after his doctor asked if he would like to "go deeper" and have his heart, lungs and blood checked.
On finding out the news, Ronnie went on: "To be totally honest, I wasn't surprised".
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He underwent a series of tests, which concluded that if it spread to his lymph nodes "it would have been all over for me". Now that he's cancer-free, Wood knows how lucky he is to have survived this health scare.
But he says he's relieved he doesn't have to undergo chemotherapy, after having a five-hour operation to remove part of his lung. "I was prepared for bad news but I also had faith it would be OK", he says. "But I had made my decision on the fact that, if this were to spread, I would not do chemo, I wasn't going to use this weapon against my body", he continued.
Fortunately, the surgery was a success, and all that's required of him is that he has check-ups every three months.
The Daily Mail's lengthy interview also covers Wood's past struggles with substance abuse, his relationship with wife Sally Humphreys, and the publication of a new book, Ronnie Wood: Artist, about his second career as a painter.
Ronnie said: "If that had happened, it would have been all over for me". "This hair wasn't going anywhere", he quips.
"I had this thought at the back of my mind after I gave up smoking a year ago: 'How can I have got through 50 years of chain-smoking - and all the rest of my bad habits - without something going on in there?'", he told the paper.