World-famous Australian singer Iggy Azalea could have a sex tape out there and it could be released sometime soon, despite contradictory messages by the musician and her representatives.

Azalea, 24, famous for her hit "Fancy" and her collaborations with Ariana Grande and Jennifer Lopez, had previously denied that she had a sex tape. However, according to HollywoodLife.com, Steven Hirsch, chairman of Vivid Entertainment, is trying to buy an alleged sex tape showing Azalea.

"I believe there would be a huge demand for her sex tape," Hirsch said in a statement released to HollywoodLife.com. "Iggy has proved that she's an amazing talent. If there is any tape out there that can rival that of Kim Kardashian, this one is it! We are conducting our due diligence and if we are satisfied with our review, we will definitely try to make a deal to distribute the tape."

Vivid has released other celebrity sex tapes, including those of Kim Kardashian, Pamela Anderson, Tila Tequila and Farrah Abramson, among others.

Initially Azalea's representative denied that the singer had a sex tape, saying: "It is categorically not Iggy Azalea in the video in question. She has never been involved in any sexually explicit recordings."

However, now her lawyers confirm that she may have a sex tape and that it is the product of a "spurned business suitor," according to TMZ. The gossip site adds that Azalea's lawyers told them that the video was recorded without Azalea's consent and that she may have been underage when it was recorded.

But, who is the "spurned business suitor?" TMZ surmised that it could be an ex-boyfriend of hers but it could also be her current boyfriend. The Daily Mail reports she is dating 29-year-old basketball player Nick Young. Young, who plays for the Los Angeles Lakers, has reportedly spoken well about Azalea in bed.

"I am definitely into her curves -- and her other assets," he said.