A few days ago, leaked specs and image of the alleged LG Nexus 5, codenamed "Meagalodon," surfaced online and now a new report debunks the rumor and points to unconfirmed features.

According to a PhoneArena report, a tipster has let on that the Nexus 5 will not get the previously rumored features.

"We got tipped that Google's Nexus 5 handset won't be matching the latest speculation for an LG 'Megalodon' handset, which were pretty fishy to begin with, especially the Full HD OLED display and the 3 GB RAM parts," reports PhoneArena.

However, Google will reportedly stick to the emerging standard for 2013 flagship devices, which includes the 5-inch screen size with 1080p resolution, a Qualcomm Snapdragon 600 processor (deployed by the Galaxy S4 and HTC One), 2GB of RAM, 3140mAh battery, 8/16GB of on-board storage, and Android 5.0 Key Lime Pie.

Moreover, per the PhoneArena tipster, one of the key features of the Nexus 5 smartphone will be the camera which will likely come with Nikon branding. The camera will allegedly feature a "triple camera sensor" and the module is believed to be "better than anything else."

"Our tipster claims that the camera module will feature a "triple camera sensor thing" and have Nikon branding, which raises all sorts of questions for us, and we can't wait to verify the last claim: "camera is selling point, testing module now is better than everything else," notes PhoneArena.

Earlier in February, Google's SVP of Engineering Vic Gundotra let slip in a Google+ post that Google was working toward something phenomenal for its Nexus line-up's camera. At the time, Gundotra teased fans with "we are committed to making Nexus phones insanely great cameras. Just wait and see."

The Nexus 5 is also slated to pack in "touch sensors off screen" per PhoneArena's source, which probably hints at in-cell touch technology. At this juncture, everything is speculation and should be taken with a pinch of salt. However, given Gundotra's statement, the rumor seems to have some credibility.