LG's latest handset will feature a quad-core Snapdragon S4 processor and a 13-megapixel rear-facing camera, according to a report from Korean newspaper Asia Today. Reportedly codenamed "Optimus G," the device will otherwise match the impressive specs of the LTE2, including a quad-core Snapdragon S4 processor, 2GB of RAM, and a 4.7-inch, 720p IPS display.

While LG has not revealed any information on availability, the Optimus G is rumored to be intended as a competitor to flagship devices such as the Samsung Galaxy S III and the HTC One X, and so is likely to make an appearance in the US as well as key European markets. While the IFA trade show in Berlin next week could provide an ideal venue for an unveiling, Android Central claims that LG is not planning to reveal any "major new phones" at the event.