The company has invited testers to sign up for the beta programme, but details are sparse, as Parallels declined to disclose a release date or even an official name for the forthcoming product.
In a statement, Parallels said the tool "leverages Parallels' high performance adaptive hypervisor" as well as its other technologies such as Coherence and SmartSelect, which enable users to seamlessly run differing operating systems and their applications side by side.
Coherence and SmartSelect already feature in Parallels' Desktop for Mac software that enables Mac users to run Windows applications.
Parallels said that the forthcoming product will also integrate its Parallels Transporter tool, which can migrate a physical PC into a virtual PC along with its applications and data.
The company also hinted that 3D graphics support and performance would be key areas addressed by the new product once it ships.