Fossil has already confirmed that it has a new Wear OS smartwatch in development utilising Google's new Wear OS platform. Now, Fossil has submitted a trio of smartwatches to the FCC, all based on the same internals. One is probably a new Michele or Michael Kors model, with the other likely candidates for the Fossil Gen 6.
https://www.notebookcheck.net/New-Fossil-Wear-OS-smartwatches-appear-at-the-FCC-likely-the-Fossil-Gen-6-and-a-Michele-or-Michael-Kors-model.547236.0.html