Jean Paul Gaultier in his signature stripes

Jean Paul Gaultier for Target? Hopefully, not too good to be true. Photo: Francois Durand, Getty Images

This better not just be a case of fashion tongues wagging!

Word is Parisian designer Jean Paul Gaultier is partnering up with Target in the next installment of its Designer Collaboration series, according to WWD.

This special collaboration takes well-established designers and asks them to use a muse to inspire a capsule collection.

While Gualtier's people declined to comment and Target is staying relatively mum ("We don't have anything to share other than we admire his work and incredible design aesthetic," a Target spokesman told WWD), sources tell the paper that the Gaultier collaboration is indeed happening.

This news comes on the heels of Anna Sui's "Gossip Girl"-themed collection for the mass-market retailer and, before that, Alexander McQueen created the very rock 'n' roll McQ Alexander McQueen for Target line, using The Duke Spirit singer Leila Moss as his inspiration.

Each of the Designer Collaboration collections is sold in select locations (and on target.com) for a limited time (around four months).

But before we get our hopes up for Gaultier's couture-inspired cheap chic (with lots of his signature sailor stripes, we're sure!), we must remember that less than a month ago, there was another rumor floating around that Liberty of London was doing a Target collab.

Honestly, Target, would both of these be too much to ask? We think not.

What other designers would you like to see at Target? Leave a comment below.