Miranda Kerr walks in 2012 Victoria's Secret Show (Getty Images)
The reason? Her difficult reputation and the fact Kerr "is not a big seller for VS," sources tell the mag.
When reached for comment about the report, omg! was told "Victoria's Secret does not comment on the status of their models contracts."
However, it does sound like Kerr still has lingerie days ahead of her.
"Miranda Kerr is one of the best models in the history of the business - and easily one of the most popular," president and chief marketing officer Ed Razek tells omg!. "She is also a consummate professional. Any rumors to the contrary are simply untrue."
"While her international commitments have kept her away from us more than we'd like over the past few years, she will always be an Angel to me," Razek continues in a statement. "We have no plans to stop working with her. In fact, I've already invited her to walk the runway in this year's fashion show and, happily, she's agreed."
So, it sounds like Kerr will still work with Victoria's Secret, but whether or not her contract is renewed remains to be seen.
Alessandra Ambrosio, Candice Swanepoel, and Adriana Lima are still on board as Angels (for now).
More Celebrity Features on Yahoo!:
- Tom Cruise Divorce Quotes False
- Kate Moss and Sharon Stone Kiss For a Cause
- Aaron Carter on Troubled Ex Lindsay Lohan: ‘I’ll Always Be There for Her’
- Miranda Kerr
- Orlando Bloom