Is Miranda Kerr Losing Her Victoria's Secret Angel Wings?

Is there truth to the rumors that the supermodel was let go from her contract?

Thelonius/Splash News Online

Will we be seeing less of Miranda Kerr in lingerie?

According to reports, Victoria’s Secret has decided not to renew Kerr’s $1 million contract, despite the star being one of the brand’s most recognizable faces.

Though the brand won’t confirm the speculation, sources behind the scenes tell PEOPLE there’s some truth to the pervasive diva rumors. “She can be difficult at shoots and appearances. She’s not very timely,” the source says. “She’s standoffish with the rest of the girls.”

PHOTOS: See how stars get in killer shape!

But that wouldn’t be enough to get her the ax, the source continues. “If Miranda and Victoria’s Secret part ways it’s not because of her behavior. It’s purely contractual. She’ll be coming back for the show but it’s unclear if she’ll be in future campaigns. But she is definitely one of the most popular models and in high demand.”

For their part, Victoria’s Secret released the following statement from president and chief marketing officer Ed Razek: “Miranda Kerr is one of the best models in the history of the business — and easily one of the most popular. She is also a consummate professional,” he wrote. “Any rumors to the contrary are simply untrue. 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 … In fact, I’ve already invited her to walk the runway in this year’s fashion show and, happily, she’s agreed.”

Tell us: What do you think of Kerr possibly being let go? Who would you like to see be the next Victoria’s Secret Angel?

–Alex Apatoff