The technology news website The Information, citing informed sources, said Facebook is currently developing a smartwatch that allows users to send messages and includes health and fitness-related features.
The Information said Facebook plans to start selling the new watch next year, in a bid to enter a market currently dominated by Apple and Huawei.
The new Facebook smartwatch will connect to mobile networks, allowing its users to send messages and call health and fitness services or devices.
Facebook has entered the device manufacturing sector in recent years, introducing products that include the Oculus virtual reality device and the Portal video chat device.
Facebook did not immediately respond to a request for comment.