A camouflaged Ferrari 12Cilindri prototype has been photographed testing near Maranello wearing canards on the front bumper and a larger ducktail spoiler at the rear. The additions are subtle compared to some track-focused specials, but they follow a pattern Ferrari has repeated for decades with its front-engine V12 cars.

The 599 GTO. The F12tdf. The 812 Competizione. Each one took a naturally aspirated V12 grand tourer and sharpened it into something leaner, louder, and more focused. This new car appears to be the 12Cilindri’s turn in that rotation.

The standard 12Cilindri already makes 819 hp from a 6.5-liter naturally aspirated V12 that screams to 9,250 rpm with no turbocharging and no hybrid assist. It is, by any measure, an extravagant machine. Ferrari apparently disagrees that it’s extravagant enough.

When the 812 Competizione arrived, it gained 30 hp over the 812 Superfast while pushing the redline higher through extensive engine revisions. Apply that same logic here and the hardcore 12Cilindri could land somewhere around 850 hp with a redline approaching 10,000 rpm. In an age of turbocharged everything, a naturally aspirated V12 spinning that high is almost an act of defiance.

The aero changes spotted on the prototype suggest Ferrari is chasing real downforce without resorting to a towering fixed wing. Canards on either side of the front bumper will help balance the car’s front axle, while the enlarged ducktail adds visual aggression without turning the car into something that looks like it wandered out of a GT3 paddock. It is a distinctly Ferrari approach: serious performance, tailored suit.

But the most intriguing possibility has nothing to do with horsepower or aerodynamics. Ferrari recently launched the 12Cilindri Manuale, a 1,499-unit limited edition that uses the standard car’s eight-speed dual-clutch transmission but adds a clutch pedal and a gated shifter to simulate a traditional manual driving experience. The system lets drivers row through six manually selected ratios when they want engagement, then switch back to full automatic when crawling through Milan or Monaco.

If Ferrari fits this simulated manual to the hardcore variant, it would create something with very few rivals: a car making north of 850 naturally aspirated horsepower, wearing functional aero, and offering three pedals. The 812 Competizione never got a manual option. The F12tdf didn’t either. Giving this car the Manuale treatment would mark a real shift in how Ferrari thinks about its most focused V12 machines.

No official confirmation has come from Maranello, and Ferrari rarely tips its hand before it is ready. The prototype’s camouflage is minimal, which usually means the car is further along in development than the brand would like outsiders to know.

Pricing will almost certainly push well past the standard 12Cilindri’s roughly $420,000 base, and production numbers will be limited. Ferrari knows exactly how to manufacture desire, and a short-run, high-revving, three-pedal V12 berlinetta is the kind of car that sells out before the configurator goes live.

The only real question is whether Ferrari will pull the trigger on all of it — the power, the aero, and the manual — in one package. History says Maranello likes to keep at least one card in reserve for the next model. Whether this car gets the full hand remains to be seen.