With indications galore that development work on the PlayStation 4 (PS4) gaming console is being finalized by Sony, a recent report from Japan-based news outlet Nikkei has citied an unnamed source to reveal that Sony wants to turn the PS 4 into a living room "nerve center."

The Nikkei report - based on the information shared by unidentified official at Sony Computer Entertainment - disclosed that for the PS4, which is scheduled to be unveiled at a Sony event on February 20, Sony apparently has plans in place to make a host of "new playing options."

While the new Nikkei report has divulged that Sony's key focus for the PS4 will be on "new playing options," some other earlier reports had indicated that the company was seemingly planning some internal upgrades for the console, to make it a graphics powerhouse.

According to Engadget, which was the first to report Nikkei's findings, the unnamed `inside' source also told Nikkei that the console will boast the ability to connect with mobile devices as well as share data across the two devices.

With multiscreen attempts having been a part in Sony's strategy since long, the Nikkei source also said that Sony intends turning the next PlayStation console - which will reportedly be released at some point later this year into a "nerve center" for home entertainment.