Jaguar is planning to end production of the XK sports car this summer and instead will replace it with a larger luxury GT based on the next generation XJ sedan.

The XJ Coupe will be a more upmarket successor to the XK and will compete against 2+2 grand tourers like the Mercedes-Benz S-Class Coupe and Bentley Continental GT.

Auto Express says the Jaguar coupe will feature design cues from the F-type and the muscular rear wheel arches but will be distinguished by its larger grille, chrome ringed lower air intakes and horizontal headlights.

Customers that are excited by the prospect of a Jaguar XJ Coupe will have to wait until at least 2017, as Jaguar has a very busy schedule in the near future.

The XE compact sedan is set to be launched in mid 2015, followed by an SUV in early 2016 along with their coupe and wagon versions of the XE in 2016 and an all new XF towards the end of that year.