Toyota has made little secret of the fact it's keen for new mid-size sports car to fill the void left by the Supra’s exit from the market early last decade. And at the 2014 Detroit Auto Show last month, Toyota pulled the covers off its FT-1 concept, which looks very much like a Supra successor and is said to preview the future styling direction for the brand.

The Japanese automaker, however, is yet to say whether the FT-1 is in fact a preview of a new Supra, but according to a new report that’s exactly what it is. Australia’s Motoring is reporting that a source at Toyota confirmed the FT-1 as being the next Supra, albeit a conceptualized version of it (meaning any production version will likely be watered down). The source is also reported to have reaffirmed plans for a third Toyota sports car, one positioned below the GT 86/Scion FR-S.

Getting back to the new Supra, the source is reported to have said that two versions are planned: an entry-level model powered by Toyota’s new turbocharged 2.0-liter four-cylinder debuting in the upcoming Lexus NX crossover, and a range-topping hybrid model combining a 2.5-liter V-6 with an electric drive system. The latter is said to develop in excess of 400 horsepower.

Other claimed details are a rear-wheel-drive, rear transaxle layout and a launch date of 2016. What wasn’t mentioned was whether the new Supra would ride on the sports car platform being developed with BMW, though it’s certainly possible.

As for the entry-level sports car, this model is said to arrive a year later, in 2017. It’s also said to come with a hybrid drivetrain, pairing a 1.5-liter engine with an electric drive system.

Oh, and responsible for the new sports cars is said to be none other than Tetsuya Tada, the chief engineer of the GT 86/FR-S.

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