Called WRC 4, it is the latest chapter in the series that has sold more than 7 million copies since it first went on sale in 2002.
The new game features all the rallies from the 2013 WRC calendar, complete with all leading teams and drivers.
Players will have the chance to experience improved graphics, new weather effects and a revamped Career Mode.
The game will be revealed to the trade and public for the first time at the Gamescom exhibition in Germany from 21 August, before an official launch on 30 October at Paris Games Week.
Available for Xbox 360, Windows PC, PlayStation 3 and PlayStation Vita, WRC 4 is the first in the series to be released by Bigben Interactive, the company that recently acquired the WRC video game publishing and distribution rights.
The game itself is being developed by Milestone, specialists in racing games and the creators of the last three versions.
“We are very pleased and proud to become the publisher of this famous racing franchise”, said lain Falc, chief executive of Bigben Interactive. “This is a new step in the partnership built with Milestone over the past few years. All our efforts are done to offer players the most complete and realistic WRC videogame”
Luisa Bixio, Bigben’s marketing and sales director added: “This brand new chapter, different from the previous reboot of the series, will include many of the improvements requested by the community. A lot of the features that we’ve seen on the official Facebook page or received by mail have been incorporated.
“We’re convinced that WRC 4 represents a step forward for the series and will be appreciated by players.”