As the Google I/O approaches, talk about the products to be released during the event is gaining momentum. Many people are waiting for a brand new device from Google during the event, as the successor of Nexus 4 smartphone.

There is no confirmation from Google which company it will be partnering with to bring out the next Nexus smartphone, but there are some reports that Google is going to stick to its old relationship.

According to a report from Korea Times, the Nexus 5 smartphone is being built by LG Electronics. The report says that Google chief Larry Page recently met LG Electronics CEO Koo Bon-joon in Seoul for over an hour and discussed many business-related things.

The Nexus 4 was manufactured by LG after Google pulled out from the partnership with Samsung that produced earlier Nexus devices.

There are rumors that Google is going launch the updated Nexus 4 smartphone at the Google I/O.

The report doesn't go into details that could give any hint toward the name of the upcoming device. However, it does indicate that the meeting had something related to the smartphone business of both companies.

"LG needs help from Google to continue its business momentum in smartphones and TVs. That's why Koo met Page," the report added.

The new Nexus device is expected to be announced with Android's new version this month.

Recently, a report from Android Authority said that the Android 4.3 was spotted running on a Google Nexus 4 device and it was seen in the Android Authority's own server logs. However, this is the first report that suggests that Android 4.3 is not going to end with only that version.

According to the report, three different versions of the firmware were found running on three different devices in the server logs. The Android 4.3 was found running on three Nexus devices: Nexus 4, Nexus 7 and Nexus 10, while two other versions of Android 4.3.1 and Android 4.3.3 were found running on two different devices, model numbers U8819 and ADR 8995.