Blanchett rumoured to sign deal with Giorgio Armani

Reports are circling that Cate Blanchett has signed a $US10 million deal to become the new face of Giorgio Armani fragrances.

The Aussie actress is soon set to shoot a series of glossy ads for the fragrances, according to The New York Post.

While Armani has previously revealed that Blanchett epitomises the woman for whom I design”, the fashion house is not commenting on the signing reports.

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Giorgio Armani International has released a statement, saying: "Giorgio Armani Fragrances has no comment concerning the rumour regarding a contract with Cate Blanchett.”

Armani traditionally uses models in his campaigns, however, he has previously featured some famous faces including Megan Fox.