Built on an all-new platform, the model is hoped to reestablish the Japanese brand as a sporty name following the dominance of best-selling but mainstream models such as the Camry sedan and Prius hybrid.
Measuring around 4.2m long, it is the most compact four-seater sports car available today and offers the lowest driver seating position of any Toyota production model.
Inside, the GT 86 has a small, buckskin-trimmed steering wheel, a large tachometer in the center of the instrument cluster and aviation-style rocker switches to control many of the electronics.
It will be officially unveiled at the Tokyo Motor Show, which is open to the public December 3-11 in Tokyo, Japan.
Expect Toyota to launch GT86 with an expected price of $20,000+ in major auto markets around the world by next year.