The Cayo Perico Heist sees players attempting to infiltrate the remote island compound of the online world's most notorious drug dealer.
The heist will be based around your infiltration of the island, evading heavily armed security forces to steal valuable evidence, before escaping the island with as much art, gold and drug money as you can!
The description implies that we'll most likely get to the new island via a submarine. Choose your crew - or even go it entirely alone.
If that wasn't enough, a new heist will also be coming along for the major winter update for the game.
The Cayo Perico Heist comes to GTA Online on 15 December, with Rockstar dropping the trailer for it today and providing the first information about the update on its site.
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As you've worked out by now, the Cayo Perico Heist is set in an all-new exotic Heist location, but that's not all.
Unlike other heists, this is the first that will allow you to tackle the task solo, although playing with your usual three-man team is also an option.
Additionally, the update on December 15 will bring new vehicles and tactical weapons, additional social spaces to hand out and party at, and a selection of new radio stations and DJs with over 100 additional songs.
DEEP UNDERCOVER: The new heist will feature a sub headquarters! We found out a few details about the new heist called the Cayo Perico.
"Oh", reads a press release, "and a very large, very versatile, and very heavily armed submarine headquarters with plenty of other surprises".