Respected motorsport magazine Autosport is reporting veteran Juho Hanninen and WRC2 star Esapekka Lappi will be Toyota's drivers in next season's WRC return.
The 35-year-old Hanninen has been used as a test driver for the new team over the past year and previously drove for Hyundai.
Lappi has never drivena WRC car but was the 2014 European Rally Champion and has enjoyed success as a Skoda works driver in WRC2.
Toyota had previously tried to lure Citroen's Kris Meeke away from the French manufacturer and had been negotiating with off-contract Hyundai star Thierry Neuville.
It is likely the Japanese manufacturer will enter two Toyota Yaris cars to begin the season but will add a third car from round four onwards.