There's been a lot of talk lately about Toyota's upcoming sports car being jointly developed with BMW. Alongside that, there's word coming in from Lexus about an eventual LFA replacement. This is all great news, but for many people, neither of those cars will be affordable. That's what the GT86 (and its twins, the Scion FR-S and Subaru BRZ) are for. But Toyota president Akio Toyoda has expressed a desire to have a whole range of sports cars revolving around the GT86.

So does this mean an even smaller model is being planned? According to a new report from Australia's Motoring, the answer is yes. By 2018, there'll supposedly be an all-new compact sports car developed entirely in-house. It could have a front-engined, rear-wheel-drive setup. Basically, a Mazda MX-5 fighter, only it'll be a coupe. Yes, a new MR2, possibly. Sources also claim it'll have a 2+2-seat cross-hatch design. Powering it will be a naturally aspirated 1.5-liter inline-four with around 135 horsepower. A six-speed manual, the same gearbox in the GT86, will also be utilized. If this rumor turns out to be true, we could see a concept version debut at the 2015 Tokyo Motor Show a little over a year from now.