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Looks like Santa got our wish list.

Karl Lagerfeld is bringing his Chanel-approved dose of chic to Macy's, where he'll be launching an affordable capsule collection of womenswear, WWD reports.

Set to debut in September 2011, the masstige line is part of the retailer's plans to follow in Target's footsteps by launching designer collaborations at a lower price point, according to the paper.

First up? Designer Kinder Aggugini, who will kick things off in February with a "rocker-chic" line.

The collections will reportedly rotate every two months.

"Karl Lagerfeld holds a unique place in the world of fashion, an icon who is the ultimate modernist," Terry J. Lundgren, chairman, president, and CEO of Macy's Inc., told WWD.

"Through the decades, his style and vision have marked the history of design.

"It is a tremendous honor to bring his inimitable perspective to our fashion customer."

And it will be a tremendous honor to finally get our hands on designs from Lagerfeld -- who is reportedly also working on another masstige line which will be sold online -- without going into ye olde overdraft.

Mr. Lagerfeld, can we put in a formal request for some quilted bags and bouclé jackets please?

In other fashion news, Versace has tapped January Jones to star in its spring campaign.