It might have happened. There are conflicting report everyone wants to be first to report but no one wants to be wrong. He could very well be dead but
the are waiting for word from Popes Aids
"When the pope dies, the prefect of the papal household (Bishop James Harvey) informs the camerlengo or chamberlain who must verify his death in the
presence of the papal master of ceremonies, the cleric prelates of the Apostolic Camera, and the secretary of the Apostolic Camera who draws up a
death certificate. As late as 1903, at the death of Leo XIII, this was done by striking the forehead of the pope with a silver hammer. It may also
have been used on John XXIII. One colleague remembers a picture in Life magazine (which I have not had time to look for) in 1958 showing Cardinal
Tisserant, then Dean of the College of Cardinals, striking the dead Pope on the forehead and asking, three times, "Eugenio, are you dead?" after
each stroke, before saying: "I declare that His Holiness Pope Pius XII is truly dead". The camerlengo (Cardinal Eduardo Martinez Somalo) tells the
vicar of Rome (Cardinal Camillo Ruini) of the pope’s death and the vicar then informs the people of Rome. Meanwhile the prefect of the papal
household tells the dean (Cardinal Joseph Ratzinger) of the college of cardinals who informs the rest of the college, the ambassadors accredited to
the Holy See, and the heads of nations. Although this is the formal procedure, in fact most people will first hear of the death of the pope from the
media. "