Audi’s short-wheelbase Sport Quattro, based on the first generation Audi Quattro, has become the stuff of legend. Originally developed for Group B rallying, the Sport Quattro also saw limited production in road-going trim.

Equipped with a 2.1-liter five cylinder turbocharged engine, production Sport Quattros produced some 302 horsepower. To save weight, the bodies were made of a carbon-kevlar blend, which guaranteed impressive performance and an equally impressive price; new, the cars sold for 203,850 German marks, or about $71,500.

If German magazine Auto Bild is correct, a revival of the Audi Sport Quattro, internally known as the Q35, will hit the market in 2015, timed to commemorate the 35th anniversary of the Audi Quattro.

In keeping with tradition, the Q35 will reportedly be powered by a forced-induction five-cylinder engine, this one packing 380 horsepower from its supercharged 2.5-liters. The sole transmission option will be Audi’s S tronic dual-clutch gearbox, and all-wheel-drive will be the only layout offered. Expect a 0-100 km/h (62 mph) time of around four seconds.

The Q35 will be positioned above the Audi TT but below the Audi R8 in price, which puts it in the same category as cars like the BMW M3 and the Mercedes C63 AMG. That’s also in the range of the Porsche 911, so Audi will make every effort to distinguish the Q35 as a different type of car than the 911.

As for styling, expect short overhangs in front and rear, a flat roof and a wide stance. For the record, we'd be fine with Audi using the bodywork from its stunning 2010 quattro concept, pictured here.

Auto Bild believes that the first new Sport Quattros will use a mechanical quattro AWD setup, with a plug-in hybrid variant (and, presumably, Audi’s e-quattro AWD) coming later.