According to some wild rumors making rounds about the Google Nexus 5 handset, the specs list and the design of the handset have been leaked online; with the device rumored to boast some amazing high-end features which Google is capable of pulling off.

Going by the information leaked online, the Nexus 5 is being manufactured by Google in collaboration with a number of manufacturers, including LG. The handset is supposed codenamed `Megalodon', as of now; and will likely hit the markets in October this year.

A leaked image of the prototype of the LG Nexus 5 handset has revealed that the notably compelling specifications of the device will include 5.2-inch OLED HD 1080p screen; Qualcomm Snapdragon 800 processor clocked at 2.3GHz; 3GB of LPDDR3 RAM; and on-board storage options of 16GB, 32GB, and 64GB.

In addition, the LG Nexus 5 will also feature a 16-megapixel rear camera by OmniVision, capable of recording 4K resolution video at 30FPS, and 1080p video at 60FPS. Though the mentioned camera apparently underscores a somewhat unreal speculation, it appears to be in line with Google's Vic Gundotra's February statement that Google's forthcoming Nexus handsets will have "insanely great cameras."

In addition to the 16-megapixel rear camera, the LG Nexus 5 will also supposedly have a 2.1-megapixel front-facing camera; as well as 3,300 mAh battery, front positioned stereo speakers, Integrated DVB-T/ATSC Antenna, LTE 150Mbps & HSPA+, and gesture-like controls.