The Apple set-top box was last updated in 2017, with the launch of the Apple TV 4K.
Technology giant Apple has been developing the new Apple TV box with improved features including a faster chip for improved gaming performance, according to Bloomberg.
The updated Apple TV will also include an ‘upgraded remote control’ and a Find My feature to make it easier to locate the remote when it is lost.
Earlier this year, Apple merged some of the Apple TV and HomePod engineering teams as it looks to renew its focus on home devices.
However, the new Apple TV might not be ready to ship until next year.