According to British magazine Autocar, Jaguar's Global Brand Director Adrian Hallmark has confirmed plans for a mid-size offering, describing the medium prestige market as "four times the size" of the market for larger luxury vehicles.
While Hallmark remains tight-lipped on the specifics, company insiders have reportedly confirmed that the new model will be slightly smaller than the current XF, with the next-generation XF expected to grow in both size and luxury fittings.
The current XF is nearing a styling update, with recent spy photos revealing an XJ-like update to the headlights and rear end.
A launch date for the new model was not revealed.
The report adds that sources inside Jaguar have also confirmed an all-wheel-drive version of the company's XJ flagship saloon. The new variant is expected to launch in the next 24 months - likely arriving in time for an update to the XJ's styling.