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29th June 2015
03:24pm BST
Miranda was the first Australian model to walk for the brand.
However, rumours are now swirling that the 32-year-old stunner is set to make a comeback in the show this November.
An insider from the brand told The Fix: "Miranda and VS are talking about her designing a capsule collection with a portion of the proceeds going to one of her charities and her being the surprise Angel to take to the runway when the show returns to NYC."
The model cut ties with the brand in 2013.
The insider revealed that the mum-of-one is currently negotiating a deal worth "around" $3.8 million to model and design for the iconic lingerie label.
Miranda, who was the first ever Australian model to star in the show, cut ties with the brand two years ago following rumours that she was "difficult" to work with.
Miranda is mum to four-year-old Flynn.
However, the brand's president Ed Razek disputed the rumours and instead touted a busy schedule as the reason for the model's departure.
He stated at the time: "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."Explore more on these topics:
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