  We examine integrable $\lambda$-deformations of $SO(n+1)/SO(n)$ coset CFTs
and their analytic continuations. We provide an interpretation of the
deformation as a squashing of the corresponding coset $\sigma$-model's target
space. We realise the $\lambda$-deformation for $n=5$ case as a solution to
supergravity supported by non-vanishing five-form and dilaton. This
interpolates between the coset CFT $SO(4,2)/SO(4,1)\times SO(6)/SO(5)$
constructed as a gauged WZW model and the non-Abelian T-dual of the
$AdS_5\times S^5$ spacetime.
