Since the Google I/O 2014 every Nexus 4 user is wondering that will this update reach their lovely Nexus 4.
Although there is a good possibility that the Google Nexus 4 will recieve this update, for those who love to get their hands on Android L there is a option right now.
A team of developers at XDA has ported new Android L to Google Nexus 4 and you can try it without waiting until Google Actually sending their update this fall
Please Read the full thread at XDA before you flash this ROM. Their are a lot of bugs and issues in this ROM since its a Beta release. For those who wish to have a Perfectly working Android L on their Nexus 4 its worth the wait than complaining those awesome people made this sneak peak possible.
for more info see the original thread at XDA-Developer below.