The rumor mill is already churning in anticipation of the next-generation Google Pixel smartphones and a new report hints at notable improvements, as well as a "budget" version.

Although the current Google Pixel and Pixel XL launched only a few months ago, the next-generation Pixel, dubbed Pixel 2, is already the star of an increasing number of leaks. Just recently we heard about the purported Pixel 2 waterproof design and now more information hit the surface.

Google Pixel 2 Rumors

According to 9to5Google, which cites a reliable source, the Pixel 2 "waterproofing" is still on the table, but Google is also "focusing intensely" on the camera and CPU departments.

The report notes that the Pixel 2 is currently in testing with two processor options from two different manufacturers. Some models are tested with Snapdragon 83X chips, while others are tested with Intel chips. MediaTek was reportedly working with Google as well at some point, but it's not anymore. Google also developed a custom chipset, but 9to5Google's source is not sure whether this chip would make it to the Pixel 2.

When it comes to camera improvements, the Pixel 2 will reportedly boast improved performance in low-light conditions. The camera itself will reportedly "not have a large MP size," but will make up for it with other features. This theory is reminiscent of HTC and its 4-megapixel UltraPixel camera that stirred mixed reactions, but it remains to be seen what Google has in mind.

The waterproofing, meanwhile, most likely refers to a good water- and dust-resistance certification, and not actually waterproof capabilities. Considering that many high-end smartphones are already water-resistant, it would make perfect sense for the Pixel 2 to sport the feature. It was actually surprising Google did not make the original Pixel and Pixel XL water-resistant, albeit the Pixel did perform quite well in water resistance tests.

Budget Google Pixel

At the same time, the Pixel 2 will reportedly be "at least" $50 more expensive than the current generation, the source further adds. On the bright side, the same reliable source tells 9to5Google that Google is also working on a "budget" Pixel variant with lower-end specs and a far more affordable price tag.

Google is reportedly testing a few Pixel 2 prototypes internally dubbed "Pixel 2B," which could launch either alongside the standard Pixel 2 or shortly after, according to the source. This budget variant would be "aimed at different markets" to extend the Google experience to emerging markets.

Other than the fact that this budget Pixel 2 would be cheaper and have less powerful specs, no details are currently available as to what it will bring to the table.

While rumors and leaks are already piling up, keep in mind that the purported Google Pixel 2 is still in the early stages of development and a lot could change by the time it's ready for release.

That said, nothing is certain at this point and it's highly advisable to take all Pixel 2 rumors with a hefty grain of salt.