New reports suggest that Google's latest 3.2 version of its Android operating system is set for release in either late July or early August.

The update was first reported by the Digitimes, which claimed to have been told the news by unnamed "industry sources".

The new Android version will allegedly boast a slew of new updated and improved features.

These include improved compatibility with Android-based applications and better hardware acceleration capabilities designed to optimise any Android device's use of Qualcomm's Snapdragon CPU processors.

The upgraded OS will also reportedly include upgraded Movie Studio, Movies, Music and Widget functions.

The Digitimes report suggested that new tablet devices from Ausutek and Huawei Technologies running the newest version would be released in the third quarter of this year.

The report also suggested that the 7-inch Iconia Tab A100 from Acer would also run the updated OS.

Additionally, the source reportedly indicated that the popular HTC Flyer tablet may upgrade from its current 2.3 version to the updated 3.2.

Google has not yet released any official statement confirming or denying the Digitimes report.