Samsung (005930) already confirmed that it is working on a smartwatch to take on Apple’s (AAPL) still mythical “iWatch,” and now a new report suggests that Google (GOOG) is also hard at work on its own wearable Android device. The Financial Times on Thursday evening cited a single unnamed source in claiming that Google has a smartwatch in development. The company’s Android team is reported spearheading the project, which will apparently yield a smartphone companion similar to Samsung and Apple’s efforts rather than a connected device. No launch timing or additional details about the device were reported.