Rolls-Royce chiefs have confirmed that the luxury car manufacturer is working on a new convertible model that will reach international markets by 2016.

In a statement Rolls-Royce said the new model will "build on the success of Phantom, Ghost and Wraith by continuing to boldly shape the future of the brand with contemporary, graceful and sensuous styling. It will deliver effortless, open-top touring through the perfect marriage of modern Rolls-Royce luxury, style and elegance with an engaging and exhilarating driving experience".

The name for the new car has yet to be announced, however. The car is provisionally known as the Wraith Drophead Coupé – it will share its wheelbase and two-door layout with the Wraith – but confirmation from Rolls-Royce that this will be a new model hint that the model could receive its own bespoke name. Development of the car is already underway and is currently at the prototype testing stage.

Rolls-Royce chief executive Torsten Müller-Ötvös said, “I am truly delighted to confirm today the development of our new model which will open an exciting new chapter in the great story of Rolls-Royce Motor Cars. We are currently developing an exciting and thoroughly contemporary interpretation of a pinnacle drophead tourer which will introduce even more discerning men and women to Rolls-Royce ownership.”

A public unveiling at the Geneva motor show in March 2015 is anticipated, although this has not been confirmed by official sources.