Datuk Seri Liow Tiong Lai has urged all parties to stop speculating on the aircraft debris found off Mozambique recently to be that of the missing MH370.

In his Twitter late Wednesday, the Transport Minister said although early reports show a high possibility of the new object found belonging to a Boeing 777, it has yet to be confirmed or verified.

"The Department of Civil Aviation are currently working with Australian counterparts to retrieve the debris," he said.

"I urge everyone to avoid undue speculation as we are not able to conclude that the debris belongs to MH370 at this time," said Liow.

Earlier, several international media, including NBC News, CNN and The Independent, reported that an object that could be debris from a Boeing 777, was found off the coast of Mozambique over the weekend.

It was reportedly found on a sandbank in the Mozambique Channel, not far off from Reunion Island where the only piece of MH370 debris was found last July.

According to the NBC News report, Malaysian, Australian and US investigators have seen photographs of the latest find, with sources saying there is ‘a good chance’ that the part comes from a Boeing 777.

It is reported that the object has the words "NO STEP" on it and could be from the aircraft’s horizontal stabilizer which is the wing-like parts attached to the tail.

The discovery was apparently made by a US citizen who had been blogging about the MH370 search.

READ: Mozambique says US man handed in suspected MH370 piece

The Australian Joint Agency Coordination Centre reportedly said it was arranging for a detailed examination of the object, while both Boeing and Malaysia Airlines have declined comments.

Last July, the only piece of debris found that belonged to MH370, was found in the same corner of the Indian Ocean.