South Korea's LG is once again rumoured as the Nexus 5 maker and the stock Android smartphone is actually the forthcoming Optimus G2. Come October 5, the fifth Nexus will be released, new reports said.

Citing fresh info from Korean publication Daum, Phone Arena reported this week that Google is pushing out the Nexus 5 in early October, with LG as its manufacturing partner. In fact, the handset is already minted and should be ready for commercial preview by August in the form of the new LG flagship, the Optimus G2.

Next month is the appointed release date of the G2, which according to numerous leaks is among the top-notch phablet candidates to challenge the supremacy of Samsung's Galaxy Note series, specifically the Galaxy Note 3.

The G2 specs currently in circulation are bannered by a 5.2-inch Full HD screen with a 1080p display resolution, a quad-core Snapdragon CPU that clocks to a high of 2.3GHz, 3GB of RAM, LTE chip, a massive battery rating and a 13MP sensor on its rear snapper.

Essentially, these are the same hardware features to be expected from Nexus 5 but unlike the Optimus G2, which likely will debut with a Jelly Bean version, the former is coming out of the box flashing the hottest Android there is - Key Lime Pie, which represents pure and raw power.

Heavy dosage of rumours suggests that LG is set to release the G2 anytime next month, its arrival preceded by flood of leaks, images including, about the powerful and equally beautiful Note 3 enemy.

Now it appears too that a few months later, a clone of the device will make its appearance as Google would reportedly unveil Android 5.0 on October 5 with Nexus 5 as the first carrier of the touted iOS 7 rival.

The Daum report makes sense as LG was previously tapped by Google for its Nexus 4 project, which could have been a major 2012 gadget hit had its distribution system only matched the surge of demands it generated immediately after its launch date.

No official word yet from either Google and LG on the matter though the South Korean firm had earlier clarified that while it is yet to get the official honour of being the Nexus 5 maker, it is willing to produce the native Android phone given the second chance.