Lotus will revive its historic black and gold colours for the livery of its 2011 car.
The famous scheme was first launched in 1971 and carried the colours with John Player Special sponsorship from 1972-'79 and then from 1981-'86, before the team switched to Camel backing in 1987.
Lotus Racing will also hold a competition for a fan to design the new livery.
The team's chief executive, Riad Asmat, said: "When we first unveiled our 2010 car there was unanimous praise for our decision to bring the historic green and yellow livery back to the modern F1 grid.
"I know the return to the track of the legendary black and gold will be met with even more universal support as it strikes such an emotional chord with fans around the world.
"Giving those fans the chance to help us bring it back to the contemporary grid is true to our core belief of putting our supporters right at the heart of Lotus Racing - we can't wait to show the world what we come up with."