UPDATE (Sept. 12 10:10 a.m.): According to a report from TMZ this morning, Iggy's legal team say that the tape may indeed be her sex tape, but that there is also a chance that she was under 18 when it was shot. Her lawyers also say that any sex video would be the work of a "spurned business suitor"—aka her ex boyfriend—who is just trying to damage her image and career out of revenge. The lawyers also told TMZ that any footage was possibly shot "without her knowledge or consent."

Could Iggy Azalea be the next celebrity to show up on the sex tape screen? According to a TMZ report, Vivid Entertainment claims to have seen footage of what appears to be Iggy Azalea with an ex-boyfriend in a sex tape that could top Kim Kardashian's tape in sales. The adult entertainment empire has reached out to the Australian MC to open up negotiations for a deal that could reach multi-million dollars. Iggy's camp is saying that the woman in the alleged video is not her and they're ready to sue over the footage.