A fresh report out of Australia claims Toyota is considering developing a high-performance GR version of its upcoming Land Cruiser 300.

While the replacement for the Land Cruiser 200 has seemingly been delayed, the new range may just end up featuring a full-fat “Gazoo Racing” flagship model when it's revealed in 2021.

According to motoring.com.au, the Japanese firm has even trademarked the moniker, as it did earlier with the GR Hilux badge.

“There’s no reason LC [Land Cruiser] or Hilux couldn’t have GR models and we’ve trademarked those [badges],” a Toyota Australia spokesperson told motoring.com.au.

“We are making a special effort on pure GR models,” the spokesperson said, adding Toyota was “not excluding GR sub-branding from any core model”.

The GR range already includes the A90-generation Supra and GR Yaris, with rumours suggesting both the Hilux and Fortuner – though both likely only in their respective next generations – are also in line to receive the GR treatment.

The Australian publication speculates the GR Land Cruiser would either feature a tweaked version of the upcoming 3,3-litre V6 turbodiesel or perhaps even the new twin-turbo 4,0-litre petrol V8 earmarked for the next-gen Lexus LX.