With recent reports hinting that a number of bigwig companies - including Apple, Samsung, LG, and Pebble - are jumping on the `smartwatch' bandwagon, a new Financial Times (FT) report has revealed that Google is also apparently working on a smartwatch.

According to the FT report, the Motorola Mobility division of Google is presently working to develop a smartwatch, which will take on the similar devices which are reportedly being developed by some of Google's closest rivals in the tech arena.

As per the details shared in the FT report, the smartwatch which Google's Motorola Mobility unit is developing will seemingly work as a connected companion to the smartphones running on the Google Android operating system.

Going by the information revealed by Android and Me's sources, who somewhat substantiated the FT report, Google will probably not take too long to see the smartwatch as a viable device because it is being developed by Motorola Mobility.

In fact, sources tipping-off about Google working on a smartwatch have disclosed that the Google version of the device has likely been scheduled for launch "by the end of summer."

Meanwhile, another company which recently confirmed that it is developing a smartwatch was Samsung; with the company's Vice President Lee Young Hee saying in an earlier-this-week statement: "We are preparing products for the future, and the watch is definitely one of them."