When the Toyota FT-86 concept was unveiled at the Tokyo Motor Show, we were surprised and delighted at the prospect of an attractive, rear-wheel-drive 2+2 with a $20,000 price tag. Could we just as excited for a $25,000 RWD Scion? We may not have a choice.

The Wall Street Journal reports that Toyota management told dealers in Las Vegas there will be a production version of the FT-86 badged as a Scion model. The move would help bolster the struggling brand, which has been a bit product-starved of late. There are also rumors of a new price point – as high as $25,000 – and the possibility that the Subaru version will only be available in Europe.

While the report claims the FT-86 will be badged as a Scion, there is no definitive word there won't be a Toyota variant as well. We're sure to learn more this auto show season, as reports show that the production FT-86 could arrive at the New York Auto Show in 2011.