According to a document which is said to be leaked by a Korean financial services firm, the Galaxy SIV will boast a 5 inch 1920x1080 display, quad-core processor and will run 2 GB of RAM.
The phone will have the latest version of Android Jelly Bean , the document added.
According to other reported leaks, however, the processor will be an ARM-based Qualcomm model equipped, running at 2GHz.
Rumours also claim that the camera in the new phone will feature a rather standard 2MP front-facing CCD and a high definition 13MP rear-facing one capable of shooting HD video in 1080p at 30 frames per second.