Samsung is well on its way to delivering its next-generation flagship smartphones. A new report claims the company is planning on launching the Galaxy S7, S7 Edge, and possibly the company's first foldable smartphone on Feb. 21, 2016.

When Samsung unveiled its current flagship Galaxy S6 and S6 Edge in March, the company deviated from its signature plastic design and took a page out of Apple's playbook of using premium materials, such as aluminum and glass, to finally give Android users a high-end smartphone in terms of specs and design.

Samsung will likely continue this trend when it launches its next-generation Galaxy S7, S7 Edge and possibly its first foldable smartphone codenamed "Project Valley."

Tech Times earlier reported Samsung was going to begin mass production of its Exynos 8890 processor in December.

Now, a new teaser from a source named Ricciolo claims Samsung will launch the Galaxy S7, S7 Edge and what could be a foldable smartphone at an Unpacked 2016 event that will take place on Feb. 21, 2016 in Barcelona.

The date just so happens to be a day before Mobile World Congress 2016 kicks off and matches last year's Galaxy S6 and S6 Edge launch taking place a day before the tradeshow began.

The latest rumors on what to expect in the Samsung Galaxy S7 and S7 Edge say the smartphones will have display sizes of 5.2 inches and possibly 5.8 inches, meant to compete with Apple's iPhone 6s and 6s Plus out of the gate. The handsets will be powered by a Samsung Exynos 8890 processor or Qualcomm Snapdragon 820 processor, depending on the region.

Reports have also claimed that Samsung is planning to add its own version of Apple's new 3D Touch, which debuted on the iPhone 6s and 6s Plus, and switch from micro USB ports to USB Type C ports, like Google's Nexus 6P and Nexus 5X.

As always, once we hear any new details regarding the Samsung Galaxy S7 and S7 Edge, we'll be sure to report right back to you.