Although there is no official word yet, it is rumored that the 2012 GT500 may in fact be carrying a twin-turbo variant of the new “Coyote 5.0″.

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Ford Planning Return of the 5.0

Few engines have received the iconic status of the Ford Mustang’s 5.0. The motor disappeared in 1996 but now appears to be ready to make a comeback.

News of the return comes out of Australia where Ford Australia product development boss Russell Christophers has confirmed a new 5.0-liter V8 is currently undergoing development in the U.S.