The name "Testarossa" means redhead and refers to the fact that the cars bearing the badge have all had the top of their cylinder heads painted red.
The first Testarossa was introduced in 1956 and the most recent version was the flat-12-engined coupe, which was produced between 1984 and 1995.
According to Auto Express Ferrari is testing prototypes of the car and the new production model will be named the F600 Testarossa.
The new Testarossa will feature a see-through bulge on its bonnet through which the red cylinder heads will be visible.
It will get a potent 6-litre V12 engine producing more than 400 kW.