The next Google Nexus smartphone is a great topic of interest, and a new report indicates the next-generation Nexus will also be LG-made.

LG made the popular Nexus 4 smartphone in collaboration with Google, and the handset proved to be a huge success, due to its impressive specs and affordable price tag. Numerous rumors made the rounds regarding the purported Nexus 5, and many speculated which company will be the chosen one to make the next Nexus a hit.

According to a new report, Google is again working with LG to make the next Nexus smartphone, and the device might hit the market later this year.

The new report comes from Korea Times, who claims the consumer electronics arm of LG Group is working with Google to produce another Nexus-branded Google Android handset. The publication further adds that LG is aiming to expand its collaboration in TVs and future businesses such as Google Glass.

If the Korea Times report proves to be accurate, the next Nexus-branded smartphone should make its debut sometime around October this year. This is the same timeframe in which LG is expected to launch its Optimus G2 smartphone, and the next Nexus might be based on this device, just like the original Nexus 4 was based on the original LG Optimus G.

Speculation also hinted at a Nexus 5 unveiling at the Google I/O conference this month, along with a new version of Android. Recent whispers, however, indicated that Google may introduce an Android 4.3 Jelly Bean version at I/O rather than the rumored Android 5.0 Key Lime Pie. This would leave the door open for an LG Nexus 5 rocking Android 5.0 later in the year.

Meanwhile, if Google doesn't unveil the next-generation Nexus smartphone at its I/O conference, it might introduce a refreshed Nexus 4 with LTE and 32GB of internal storage. Overall, rumors and speculations regarding the next Nexus smartphone are anything but scarce, but it will likely be a good while before any concrete details appear. Until then, everything is in the rumor state, which means it may or may not be true.