Attendees to the Barcelona World Mobile World Congress which kicked off this weekend claim that LG will make a version of the Google smartwatch which is tipped to be launched in June of this year.
LG currently makes Google's Nexus 4 and Nexus 5 smartphones.
The Wall Street Journal reported in October that the device was in late-stage development and that it will be integrated with Google Now, the search giant's intelligent personal assistant that can answer questions, make recommendations, and predict information that users will need.
Google's entry into the smartwatch category would create more competition with Samsung who sells more smartphones running Google's Android mobile operating system than any other manufacturer.
The LG made smartwatch come on the heels of Samsung's announcement at Mobile World Congress that its next smartwatch will be powered by Tizen, an operating system that Samsung has helped develop with Intel and others. That choice signals that Samsung is trying to reduce its dependence on Google for the software to power its devices.
Samsung, in a statement, said the company "has a commitment to support multiple platforms to offer consumers more choices and we will continue to collaborate closely with Google." Google didn't reply to requests for comment.
The Korean Company said that the second generation of its smartwatch would help it better "reflect modern trends," moving the camera - previously embedded in the watch strap - onto the main body of the wristwatch.
The watch will feature a slightly faster processor and a more powerful battery that Samsung says will allow for two to three days of typical usage.