The album was recorded at London's Olympic Studio during the Let It Bleed sessions of 1969 and released on Rolling Stones Records in 1972. It consists of a series of loose jams performed by band members while waiting for Keith Richards to return to the studio, Richards having earlier left the studio after an issue about Cooder's role as support guitarist. On the strength of the album's association with the Rolling Stones, Jamming with Edward! reached #33 on the US charts, although it failed to make the UK listings.
The eponymous "Edward" was pianist Nicky Hopkins, in reference to Edward the Mad Shirt Grinder, Hopkins' star turn on Quicksilver Messenger Service's album Shady Grove. Hopkins also contributed the cover art. The liner notes were written by Mark Paytress and Mick Jagger.