Prototype engineering assessments are already underway.
It comes more than three years after Toyota showed its first concept for a compact-rear-wheel-drive sports car at the 2009 Tokyo motor show.
The original FT-86 Concept (future Toyota 86) was designed to give the driver greater control with a compact design, light body and low centre of gravity. It promised power and environmental performance from a two-litre boxer engine.
The next car in the series was the FT-86G Sports Concept car, which gained an aggressive styling and performance makeover by Toyota's technical partner Gazoo Racing. It retained the front-engine, rear-drive layout of a classic sports car with power from a specially tuned turbocharged engine.
The third car in the series, the FT-86 II Concept, debuted at the Geneva motor show two years ago and was also shown at the 2011 Australian International Motor Show in Melbourne. Its compact proportions featured a long, low bonnet, high wings and rear-set cabin.