Registered just for this.
To be honest, I don't think it is going to be Celica or TC,
FT-86 right? Supposedly the successor of the AE86? Well, if I recall, the AE86, aka the Trueno/Levin were all variations under the Corolla line. and I'm pretty sure, the Corolla and the Celica are not on the same level of Toyotas. TC is the successor of the Celica, and the TC just got a redesign, look it up, it looks like a mini Avalon coupe. That design is bound to stay for another five years, and in five years, I'm guessing the FT-86 would be out already while the new (then old) TC would still be there and would have a few more years to go.
If there is still any common sense for Toyota, the FT-86 would most likely be plated as the returning Trueno/Levin and would take the spot in the Toyota line as the coupe version of the Corolla S. After all that's what the AE86 was right? The coupe version of the Corolla. I'm sure Toyota would not have build up all this hype to name it a Coroala S or XRS. I seriously think and hope they are bringing back the nameplate of the Trueno/Levin. It's like how the Matrix is basically the hatchback version of the Corolla, or the Solara is the coupe version of the Camry. The FT-86 would most likely be the coupe version of the Corolla.
Unless Toyota does a complete work of stupidity and names the the TC (aka successor of the Celica).
Here is some pictures of the latest Trueno/Levin

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