Jaguar is lining up a return to motorsport with a manufacturer presence in Formula E, according to Sky News.
Sky reports that the British car manufacturer, which is owned by Tata Motors, will announce a move into the all-electric championship for season three next week.
Autosport's sister publication Autocar revealed last month Jaguar Land Rover was planning its first range of electric vehicles.
Competing in Formula E would pitch Jaguar against manufacturers like Renault, Citroen (through the DS brand) and Audi, plus electric-vehicle specialists Venturi and Mahindra and Chinese company NEXTEV.
Entering Formula E would require the brand to take one of the slots currently occupied by an existing entry, as the championship does not plan to expand beyond 10 teams.
Jaguar has not had a works motorsport programme since then-parent company Ford pulled it from Formula 1 in 2004, at the end of a five-year spell in the world championship.
Its motorsport heritage includes seven victories in the Le Mans 24 Hours, plus the 1991 World Sportscar Championship and 1984 European Touring Car Championship titles.