Iggy Azalea is the latest celebrity to be accused of making a sex tape after Vivid CEO Steve Hirsch, who was responsible for releasing Kim Kardashian's infamous X-rated tape, claims he has acquired footage of the Australian rapper performing sexual acts with an ex-boyfriend.

Iggy Azalea
Azalea denies ever making a sex tape

"I believe there would be a huge demand for her sex tape," Hirsch said in a press release. "Iggy has proved that she's an amazing talent...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."

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According to TMZ, Hirsch has already contacted Azalea to offer her a multi-million dollar deal for the rights to the footage, in order to turn it into a DVD. The business believes this video could outsell previous celebrity sex tapes, such as 'Kim Kardashian Superstar' and 'One Night In Paris.'

Unfortunately for Hirsch, the gossip site also reports that Azalea denies the female in the tape is even her, and the 24 year-old rapper's team are already planning to sue over the alleged footage.

Azalea took to Twitter to post lengthy rant on the matter, in which she adamantly states she has never made a sex tape.

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"I don't have a sex tape but for the record," she tweeted. "Anyone who releases or attempts to make profit off someone else's intimate moments against their will is a sex offender."

Iggy Azalea
Azalea with her current boyfriend, NBA player Nick Young

"It honestly makes me sick to see the media encourage any other attitude towards those sorts of people, we should want to protect our women, and I really hope that America will follow Europe and their laws to better protect people's privacy and fundamental rights," she added. "On that note, I'm off to get a manicure. peaaaaccceeeeeee outtttttt *drops the mic.*"

Despite the 'Work' rapper's claims, Hirsch also told E!News, "There is little doubt in my mind that the person that I saw in the teaser of images from the tape is Iggy Azalea."