A resurfaced anecdote from Jeff Lynne recalls that he and Bob Dylan once recorded a demo of the standard "I'm in the Mood for Love" in Dylan's garage while working on material for the Traveling Wilburys, but the song never made it onto the group's 1988 debut album. The story is a small but telling detail about how the supergroup, which also included George Harrison, Roy Orbison and Tom Petty, operated with no hierarchy and had to make tough cuts even among songs from its biggest names, despite recording the whole record in just ten days.

Lynne recounted taping the track on a small 24-track set-up in Dylan's garage, the same location where the album's lead single "Handle With Care" was cut. The song was ultimately dropped, likely because it echoed themes of unlucky love Dylan had already explored elsewhere on the record in tracks such as "Dirty World" and "Congratulations". As the only known pure collaboration between Lynne and Dylan, the demo remains an intriguing footnote, though the article notes it was never intended as a serious contender for the album.