Australian media is reporting Volvo will renew its entire lineup within the next three years.

Australian media is reporting Volvo will renew its entire lineup within the next three years.

The highly anticipated second-gen XC90 is only the tip of the iceberg when it comes down to Volvo's ambitious plans to overhaul its whole lineup. As a matter of fact, the XC90 will be the oldest model in the Swedish marque's lineup by 2017 as within the next three years the Geely-owned company will replace all its models and add new ones as well.

After the XC90's launch set for August 26, Volvo will begin final preparations for an S90 flagship sedan set to come out in 2015 as a larger and more luxurious alternative to the S80 and it could also spawn a coupe derivative. Also next year we should see a V80 wagon and/or XC80 crossover but it's not known at this moment whether both of them will coexist.

An all-new XC60 is set for a 2016 reveal and could receive a performance version likely prepared by Polestar. It will be followed by the next-gen S60 sedan and V60 wagon in 2017 along with the V40 hatchback that will probably gain additional variants.