According to multiple reports from people close to Fossil or those who have asked Fossil employees, the brand will no longer release Wear OS-powered smartwatches. This means the Fossil Gen 7 watch isn't happening after all. This seems to align with recent events around Fossil, or the lack thereof. The last Fossil Gen 6 watch was released two years ago and the usual summer release schedule didn't bring a Fossil Gen 7 watch this year. Not to mention, the device is surprisingly absent from the usual rumor mill. Last but not least, Fossil is currently doing a huge sale of its Fossil Gen...
Source: https://www.gsmarena.com/fossil_watches_will_no_longer_run_on_wear_os_reports_claim-news-61027.php