Google's highyly rumored smartwatch seems to be a reality as specifications of the LG-made accessory has leaked online. Courtesy of @evleaks, the specs confirms that the Google smartwatch is being developed in partnership with LG and that it will have a 1.65-inch LCD display with a resolution of 280x280 pixels. It will also have 512MB of RAM and 4GB of onboard storage.

The display has the same size as that of Samsung's latest Gear smartwatch.

Google and LG are also expected to introduce a new flagship smartphone along with a smartwatch this fall - possibly the Nexus 6.

During this week's SXSW Interactive, Sundar Pichai, Google's head of Android, confirmed that the company is committed to wearable technology devices and that the company would launch a special developers kit before the end of March that will help developers to use Android as an operating system on everything from fitness bands to smartwartches and headsets.

HTC and Asus have both confirmed that they are currently prepping smartwatches that will launch before the end of 2014. And Apple is also expected to enter the market with the iWatch at some point this year.