According to the reports, Facebook CEO Mark Zuckerberg and COO Sheryl Sandberg met with Samsung Electronics vice chairman Lee Jay-yong at Samsung’s headquarters in Seoul.

Samsung has already worked with Facebook for the Gear VR virtual headset.

GforGames speculates that in future we can expect more Facebook apps preloaded on Samsung devices while also tipping that this could lead to a wearable release from Facebook.

Facebook earlier had tried entering the mobile segment with an HTC-made phone called the First that came with Facebook Home out-of-the-box. It was launched in the US, France, and the UK. However, the phone saw dismal sales, especially in the US market.

Recently, Facebook completed its USD 19 billion buy of mobile messaging application WhatsApp, appointing one of the startup's co-founders to the social network's board as part of the deal.

"We are looking forward to connecting even more people around the world, and continuing to create value for the people who use WhatsApp," Facebook had said in a statement.

Facebook, the world's biggest social network, announced the buyout of the WhatsApp messenger service, used by 600 million people, in February and US authorities approved the deal in April.