A new report claims that Samsung still plans on introducing a premium version of the Galaxy S5 and it's already working on it.

Soon after the Galaxy S4 was released, reports sprung up claiming that Samsung would ditch plastic for more durable materials, such as aluminum. Apple has long been praised for its anodized aluminum cases and HTC saw great success when it released the HTC One all dressed up in a unibody aluminum enclosure.

Some reports have claimed the popularity of the HTC One caught Samsung off guard and the company was planning to release its next flagship Galaxy S5 smartphone made out of aluminum. As time went on, reports suggested that Samsung was going to release two variants of the Galaxy S5. One would be called the Galaxy S5 Prime and would sport a 2560 x 1440 display and be wrapped in aluminum. The second model was expected to be called the Galaxy S5 Standard and have a 1920 x 1080 Full HD display and Samsung's more traditional plastic styling.

Samsung never introduced these two versions of the Galaxy S5, but that doesn't mean that a higher-end Galaxy S5 isn't on the way. According to a new report, Samsung is actively working on an all-metal version of the Galaxy S5. The device is currently in testing and  is part of "Project F." If it comes to market, it has been rumored that the name will officially be the Galaxy F. It will allow Samsung to introduce a high-end brand of Galaxy F smartphones, tablets, wearables and more in the future.

The smartphone is said to specifically address the iPhone 5s and its 64-bit chip. Samsung is thought to be working on an in-house 64-bit Exynos Infinity SoC that will let the smartphone maker offer its first 64-bit smartphone; the iPhone 5s is still the only smartphone with this feature. Other rumored features of the Galaxy F include a more powerful camera with enhanced software and technology. The main attraction of the smartphone, however, is its all-metallic body and it will also likely debut with the QHD display many were expecting to see the Galaxy S5 launch with. Samsung instead gave it a 1920 x 1080 Full HD display.

As with all reports of unannounced devices, it's always best to take them with a huge grain of salt. Galaxy F would certainly be the type of device Samsung would want to launch its 64-bit processor with as well. Samsung is rumored to announce the smartphone at an event in May, which would give the company enough time to produce enough QHD displays for the handset. Stay tuned.

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