The French OAK organisation is working on LMP2 coupe that could race as early as next year.
OAK Racing boss Jacques Nicolet has revealed that the team's chassis-manufacturing sister company, Onroak Automotive, has already started on the design of a coupe to replace its existing Morgan-badged open-top P2 contender.
Nicolet believes it is time to replace OAK's current car, which has its roots in the Pescarolo 01 LMP1 that first raced in 2007.
He said that the demands of the US market, which he believes will grow with the creation of the United SportsCar Championship, made a coupe necessary.
"We have to do a new car, but the plan is not completely fixed yet," Nicolet said.
"We are working on a design for a coupe, which is what the teams want in the US."
Nicolet would not be drawn on when the car, which will not carry Morgan badges, would be ready, but it is understood that he wants the coupe to be racing next year. It is unclear whether it can be ready for the start of the season.
OAK is aiming to leave the P2 division to its customers next year and scale back on its racing activities in the class.
The Chinese KCMG squad is one of the teams likely to represent OAK/Onroak next season.
Nicolet said one of his priorities for 2014 was to create a firm distinction between OAK and Onroak.