Motorola are said to be releasing the device, Motorola X. It is thought that the device will not be under the Nexus brand name.
The handset could come with Android 5, which would be Key Lime Pie. It is thought that the device could have a display of 5 inches and it may come with a resolution of 440 PPI.
It has also been said that the handset could be revealed by Google on the 15th of May and that it may even be in the Google Play Store for June or July.
According to eaglesrant.com the device may not have the Motorola name and it could be the next pure Google handset, even though reports have said not.
The device could have a 30 megapixel camera, a display of 5 inches, 2 GB of RAM and a quad core processor.
At the moment these are only rumours and nothing has been confirmed by Motorola or Google. The device would have to compete with the Sony Xperia Z, the Samsung Galaxy S3, and the HTC One.