According to Blass, they will be called the Galaxy Buds+ and will be going head-to-head with Apple's recently launched AirPods Pro. In fact, SamMobile claims that the new Galaxy Buds+ were developed under the model designation SM-R175, and that they will have the same amount of storage onboard as the Galaxy Buds: 8GB.
The interesting development, however, is that like the AirPods Pro, the Galaxy Buds+ are rumored to include active noise cancellation (ANC) functionality. Apple has pretty much forced Samsung's hand with ANC, so we'd be very surprised if the Galaxy Buds+ didn't include the feature. The feature has been well received with the AirPods Pro, and would likely provide an even better listening experience to the already well-received Galaxy Buds.
The original Galaxy Buds are priced at $129, and we'd imagine that the ANC would result in a significant price increase. The AirPods are priced at $159 and $199 respectively with the standard and wireless charging cases, while the AirPods Pro ring in at $249 (with a wireless charging case). We'd imagine that Samsung would price the Galaxy Buds+ at around $199, easily undercutting their chief rival.
It's likely that Samsung would officially unveil the Galaxy Buds+ alongside the upcoming Galaxy S11 family -- likely in February. And if past promotions are any indicator, Galaxy S11 preorders will conveniently come with a free set of Galaxy Buds+ in tow to entice buyers.