LG's next flagship will reportedly work with both a smartwatch and health-tracking wristband, according to new reports from Korea-based media outlets.

Daum has reported that LG's smartwatch, called G-Arch, and wristband, called G-Health, will debut at Barcelona's Mobile World Congress in February 2014. Although this story doesn't cite official sources, LG executives have previously confirmed that the company is working on a wearable product.

The Korean Herald has also claimed that LG's next flagship, allegedly called the LG G3, is now in testing, and that LG has decided to add fingerprint technology and a sensor into the smartphone. This feature set would be similar to Apple's Touch ID in the iPhone 5S.

Other features in the smartphone include support for LG's rumored G-Arch and G-Health, as well as a Quad HD display, 2.2GHz octal-core processor, and Android 4.4 KitKat.

READ: LG smartwatch reportedly being developed to stay ahead of competition

It's been long-rumoured that LG will enter the wearable space. Several reports surfaced last summer, for instance, claiming LG is working on a Google Glass-like wearable. However, these stories were not confirmed either.