Yesterday we brought you more details on the next-generation Audi R8 super-sports car but that’s just one new performance vehicle the brand with the four rings is working on.

Audi is also developing its third-generation TT sports car and according to latest reports we may see it unveiled as early as next year.

Britain’s AutoExpress is reporting that the new Audi TT will hit showrooms sometime in 2014, following a debut at a major international auto show in 2013.

The current TT is loosely based on the Volkswagen Golf platform, and future plans are to take the new car more upmarket. It will use a mixture of steel and aluminum in both the chassis and the body, producing a lighter (and more expensive) automobile.

The move is part of Audi’s efforts to target more focused sports cars like the Porsche Boxster and Cayman with its new TT, however, the car will retain its plush cabin, avant-garde styling, and everyday usability. Two separate bodystyles, a coupe and soft-top roadster, will also be retained.

The current front-engine, all-wheel drive layout will stay, but there’s rumored to be more powerful engines across the product range. Full LED headlights are also expected to make the cut, as will the choice of either manual or dual-clutch transmissions.

In terms of styling, Audi’s e-tron and e-tron Spyder concepts from 2010 point the way. Sharper lines and more aggressive elements will be incorporated to emphasize the car’s new performance focus.