"Kate's fashion days are winding down and she's no longer designing for Topshop, so her dream is to to record an urban album," a friend of Hince's told the Mail.

This wouldn't be Kate's first foray into the music biz: she's penned songs with ex-boyfriend Pete Doherty, guest-starred on tracks for Primal Scream, Oasis and Doherty's Babyshambles and appeared onstage at a celebrity karaoke fundraiser in London in 2009.

Moss also recently graced Bryan Ferry's "Olympia" album cover and is rumored to be doing a duet with him on an upcoming album.

Apparently, another music man also has his eye on Kate: Simon Cowell, who is reportedly trying to tap Moss as a mentor for the U.S. version of his hit U.K. show, "The X Factor."

Speaking of Kate Moss rumors, whatever happened to her turn as a ballerina alongside Baryshnikov?

Click here to see which other unlikely fashionistas have lent their voices to Diddy's new album.