The new iPhones will include a redesigned, slightly thinner design and a redesigned back, along with new features, like a fingerprint sensor, a new color palette, and an OLED display, according to a report from the Wall Street Journal.
The Journal also says that the new phones will come in different color options, with the iPhone 7 with a black color display and the iPhone 8 Plus with a silver color display.
The new models will also be slightly thinner, the Journal reported.
Both phones will feature a 12-megapixel rear camera with optical image stabilizer.
The iPhone 7, with its metal frame and curved edges, was launched in November.
The iPhone 7 plus will be released later this year.
The new iPhones come with a 6.1-inch OLED display with a resolution of 2560 x 1440 pixels, which should make the phones much more attractive to smartphone owners.
The design is still subject to change, with a new model expected to be unveiled in January.