Chase the Dragon is the third studio album by the British melodic rock band Magnum. It was released in 1982 on Jet Records. Overseen by the Kansas producer Jeff Glixman, Chase the Dragon was the first recorded appearance by the new keyboard player Mark Stanway, although he had made his live debut at Magnum's appearance at the Reading Festival in 1980. The album was recorded over 13 days at Town House Studios in London, and the following year Tony Clarkin flew to Axis Studios in Atlanta to mix it. However, there was a two-year delay before the album's release in 1982.
Before T. Rex assaulted the world with their glam rock party in the early '70s, there was the folk duo Tyrannosaurus Rex. Although both bands were fronted by flamboyant singer/guitarist/songwriter Marc Bolan, the earlier outfit was the polar opposite of the style of music that would later become synonymous with Bolan. Tyrannosaurus Rex originally formed in September of 1967 as a duo after Bolan split from his previous band, John's Children. Joining Bolan in the band was percussionist/bongo player Steve Peregrin Took, a gentleman that Bolan named after a character in The Lord of the Rings novel series.