A fresh report out of the United Kingdom claims the second-generation Toyota GT86 will be rebranded under the Gazoo Racing banner while also upgrading to a Subaru-sourced turbocharged 2,4-litre engine.

According to Autocar, the new 86- and BRZ-badged twins are likely to launch in 2021, with the Toyota version set to be rebranded as the “GR86” (thus falling in line with the naming convention used for the likes of the GR Supra and GR Yaris).

The British publication reports the second-generation sportscars will be built on Toyota’s TNGA platform (rather than on Subaru underpinnings, as with the original models) and upgrade to a version of Subaru’s turbocharged 2,4-litre flat-four. The latter, of course, could result in far higher outputs than the 147 kW and 205 N.m managed by the current naturally aspirated 2,0-litre unit.

In September 2019, Toyota and Subaru announced a new “business and capital alliance”, which includes the Japanese firms jointly developing "all-wheel-drive models" as well as the follow-ups to the GT86 and BRZ. This came after reports out of Japan suggested the two sportscars were facing the axe.

The Toyota GT86 line-up in South Africa currently comprises just a single derivative, priced at R632 200. The BRZ, meanwhile, was pulled from the local market back in September 2015.