The "insider" reckons the bendable phone will be coming in January next year in two flavours, one with a Qualcomm Snapdragon 620 chipset inside and one with a more powerful Snapdragon 820.
Both phones will have 3GB of RAM, a non-removable battery and a microSD slot for extra storage. The tipster claims to have in-depth knowledge of the project, but as he/she wants to stay anonymous, it's difficult to verify.
Gimme, gimme, gimme
January starts alarm bells ringing as the rumoured Galaxy S7 is set for an end of February launch date, but it may be that Samsung wants to get its bendable concept out of the way before the launch of the normal flagship phones.
If a foldable phone is coming, Samsung would at best roll it out as an alternate variant to the S7 (think the S6 Edge to the normal S6), but it's more likely to be a separate handset altogether.
Next January would mark two years since we saw the foldable smartphone. If the latest images are correct it has changed quite a bit with more curved edges than the prototype we saw back in 2014.
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James is Managing Editor for Android Police. Previously, he was Senior Phones Editor for TechRadar, and he has covered smartphones and the mobile space for the best part of a decade bringing you news on all the big announcements from top manufacturers making mobile phones and other portable gadgets. James is often testing out and reviewing the latest and greatest mobile phones, smartwatches, tablets, virtual reality headsets, fitness trackers and more. He once fell over.