LG may be releasing the successor of the popular LG Nexus 4 next month.

LG hinted that it is planning to develop and release more Nexus devices in partnership with Google and some of it will make a debut next month at the Mobile World Congress event.

LG Electronics SVP James Fisher went off on a tangent during the firm's packed press conference at CES and revealed that the LG Nexus 4 is just "the first of many" Nexus products it is working on, and hinting that the two companies might be secretly developing another smartphone or tablet device.

Fisher said, "Through our collaboration with Google, we launched the LG Nexus 4 smartphone. This is the first of many devices to come from our growing partnership with this very selective company."

Fisher added that the firm will be launching its next generation smartphones at Mobile World Congress in Barcelona next month. He said that "at Mobile World Congress next month and throughout the year, you'll see us bring to market more tier-one premium handsets in various screen sizes".

Recent rumours claimed that the successor of LG Nexus 4 is rumoured to sport a powerful 2GHz quad core processor and upcoming Android Key Lime Pie OS.

The Google-LG Nexus 4 boasts a 4.7 inch screen display with 1280x768 resolution, 1.5GHz Snapdragon S4 Pro quad-core processor, 8 MP camera and 2100 mAh battery.

The new Google-LG smartphone will run with the new Android 4.2 Jelly Bean, which equipped the device with new features upgrade such as better camera options and controls. This has become the selling point of the device.

On the other hand, some reports said that search engine giant Google is already working on the successor of the popular LG Nexus 4.

Google has been releasing Nexus smartphones and tablets over the years. Since it was launched, the Nexus line has included handsets from HTC, Samsung, and LG. However, it seems Google may be using the recently-acquired Motorola for its next phone.

Wall Street Journal quoted unnamed sources that a new device is on its way from Google-owned Motorola. These people say Motorola engineers are hard at work on a "sophisticated" handset codenamed 'X phone.' However, it is still unsure whether the device will be a Nexus-brand phone.

However, it remains unclear if we will be seeing the successor of LG Nexus 4 or a different device from LG next month.