As the debate rages on whether Pluto, currently a dwarf planet, should be given back its planet status, it may soon be joined by an asteroid that could wind up being the smallest dwarf planet in the solar system.

Asteroid Hygiea, the fourth largest space rock in the Asteroid Belt, was observed for the first time by astronomers in high-resolution. It's spherical in shape and may wind up taking the crown for the smallest dwarf from Ceres, also located in the Asteroid Belt.

“Thanks to the unique capability of the SPHERE instrument on the [Very Large Telescope], which is one of the most powerful imaging systems in the world, we could resolve Hygiea’s shape, which turns out to be nearly spherical,” said the study's lead author, Pierre Vernazza, in a statement. “Thanks to these images, Hygiea may be reclassified as a dwarf planet, so far the smallest in the Solar System.”

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"By comparing Hygiea’s sphericity with that of other Solar System objects, it appears that Hygiea is nearly as spherical as Ceres, opening up the possibility for this object to be reclassified as a dwarf planet," the study's abstract states.

In addition to the spherical requirement for dwarf planet status, Hygiea already orbits the Sun, is not a moon, and has "not cleared the neighborhood around its orbit," the ESO added in its statement.

The research has been published in the scientific journal Nature Astronomy.

Though Hygiea may eventually be given dwarf planet status, it's significantly smaller than Pluto or Ceres, with a diameter of just 267 miles. Pluto's diameter is approximately 1,490 miles, while Ceres' diameter is approximately 590 miles.

Following the discovery, the International Astronomical Union will eventually vote to determine whether Hygiea can be given dwarf planet status or if it will remain an asteroid.

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Earlier this month, NASA Administrator Jim Bridenstine said at the International Astronautical Congress that Pluto should be given back its planet status. “I am here to tell you, as the NASA Administrator, I believe Pluto should be a planet,” he said to applause during a wide-ranging speech.

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Fox News' James Rogers contributed to this story.