The Commodore 64, which was launched in 1980s and ran classic games such as Donkey Kong and Chuckie Egg, is to be reintroduced to play the original games but will also run the latest Windows software.
The new version also houses a DVD or Blu-Ray slot and wireless capability.
American firm Commodore USA obtained the licensing rights to reproduce the console’s beige casing, keyboard and rainbow logo.
The updated console can be bought online from about £371 from the US and it is expected to appear in shops across North America and Europe later this year.
Commodore USA has advertised the new console with Disney in the US on its Tron Legacy DVD and Blu-ray release. Both the original Commodore 64 and Tron film were released in 1982.
German company Commodore Gaming launched a PC-based system to play Commodore 64 games in 2007. The company has also made Commodore 64 games available to play on Apple’s iPhone and the Nintendo Wii.