The Renault 5 went out of production 27 years ago, but the model could be slated for a comeback.

Autocar is reporting the vehicle could be based on the next-generation Clio and feature a number of styling cues from the original. Notable attributes might include rectangular headlights, a slim grille and advanced energy-absorbing bumpers.

Inside, the cabin will be more luxurious with high quality materials and a modern design.

There's no word on when the model could be launched, but it will likely debut after the new Clio is unveiled at the Paris Motor Show.

Renault 5 slated for a comeback - report