Square Enix will present a “Final Fantasy XIV Announcement Showcase” on February 5, 2021. The broadcast will include a live interpretation from Japanese to English.
Although Square Enix does not share any further information, the broadcast is likely to announce the next expansion of Final Fantasy XIV. The current expansion, Final Fantasy XIV: Shadowbringers, was announced in November 2018. The previous expansion, Final Fantasy XIV: Stormblood, was announced in October 2016. And the previous expansion, Final Fantasy XIV: Heavensward, was revealed in October. 2014. The next one would probably have been announced at the Fan Fest initially scheduled for November, which was canceled due to the COVID-19 pandemic.
Parallel to this, see the trailer for update 5.4, “Futures Rewritten,” below. Its launch will be on December 8. Keep in mind that the trailer contains spoilers for those not following the MMORPG plot.