The American artiste has reportedly been offered a whooping £6.5 million to pose in her underwear with boyfriend Calvin Harris
However, insiders claim that she has turned down Armani's £6.5 million offer to pose in underwear alongside boyfriend Calvin Harris.
The Scottish DJ is already the face of the underwear line and it was claimed the company is hoping Taylor would be up for joining him in a sexy shoot, emulating Victoria and David Beckham's 2009 campaign.
But sources have revealed the world's richest celebrity couple have turned down the offer, with Taylor not exactly keen about posing in underwear.
According to Armani insiders, Taylor rejected the offer as she thought she "would be showing too much skin and damage her image".
"If she was married to Calvin then things may be different," they told the Daily Star.
Calvin Harris is already an underwear model for Armani. Looks like the lure of a million dollar pay out, wasn't enough for Taylor - who with a networth of an estimated $240 million - isn't exactly strapped for cash.
Armani were apparently willing to pay the star mega-bucks if she agreed to appear in the racy shoot .
"Armani bosses reckon Taylor and Calvin could emulate the success of the David and Victoria adverts," a source previously revealed.