Online retailers are listing the device in their inventories.
Late yesterday the Fandroids started wetting themselves over a screenshot that apparently showed an entry in the inventory of UK retailer Carphone Warehouse.
That entry? A 32GB Nexus 7.
Today, the same product has appeared on the sites of a couple of other online retailers, each time labelled as "unavailable" or "out of stock".
Details on the devices are sparse (1.2 GHz Tegra 3 processor, Android 4.1, Bluetooth), although one of the retailers has it priced at $260, just $10 more than the 16GB's RRP.
The timing is right for an updated Nexus 7; it's made an impact, sold a bucketload, and we're just entering the Christmas gift-buying season.
It would also take a little bit of the attention off the iPad Mini when it is announced later this month.
This also ties in with the other rumours that have been circulating that Google is planning on bringing out a 3G Nexus 7 before Christmas.
If you're thinking of buying a Nexus 7, you might want to hang on for a couple of weeks.