That's according to the usually very reliable folks at Sammobile, who claim they've obtained information on a new watch that uses the model number SM-R500 and goes by the codename Pulse.
Read this: New smartwatches landing in 2019
Apparently work on the Pulse smartwatch started this month and Sammobile thinks this could be a successor to the Samsung Gear Sport as opposed to a Galaxy Watch 2. That's based on the fact that the Gear Sport carried a similar SM-R600 model number. So maybe (maybe) this could be a Samsung Galaxy Watch Sport.
As far as specs details, it will apparently run on Tizen (which is no big surprise) and will have 4GB of internal storage. It's also believed that the watch will ship with Samsung's Bixby smart assistant bringing Bixby Reminder notifications to the wrist for the first time. The feature was missing in action on the Galaxy Watch but is expected to come to the current flagship smartwatch at some point too, likely through a software update.
So, when will we see this new Samsung smartwatch? That's one piece of information the site is not privy to. The Galaxy Watch was announced in August this year and similarly the Gear Sport was unveiled in the same month the previous year. We might have to wait around the same time next year to see what Samsung has planned to smarten up our wrists in 2019. There's also the chance it'll launch alongside Samsung's next flagship smartphone, which usually drops earlier in the year.
One thing we can be certain of is that this will be the first of many rumors we hear about Samsung's new smartwatch plans over the coming months.