The embattled PSPgo will be relaunched, according to an online report.
Games website Gamervision says that "according to someone close to Sony", a relaunch of the handheld is "imminent".
The site says Sony will launch a "marketing blitz" in order to spark interest in the console.
"There are a number of possibilities, and there's little doubt a price drop might be among them," it adds.
The PSPgo was heavily criticised even before its October 2009 release for its high price and the scrapping of physical media in favour of digital downloads.
The decision sparked criticism from retailers. In June last year, Chips said it: "Can't see any justification for stocking it."