Disclosed is a Al—Zn alloy wrought product, and a method of manufacturing such a product, with an improved combination of high toughness and high strength by maintaining good corrosion resistance, the alloy including (in weight percent): Zn 6.0-11.0, Cu 1.4-2.2, Mg 1.4-2.4, Zr 0.05-0.15, Ti <0.05, Hf and / or V <0.25, and optionally Sc and / or Ce 0.05-0.25, and Mn 0.05-0.12, other elements each less than 0.05 and less than 0.50 in total, balance aluminium, wherein such alloy has an essentially fully unrecrystallized microstructure at least at the position T / 10 of the finished product.