The 'betty' singer - who ended her long-running feud with her pop rival in 2018 - sent the thoughtful gift to the 'Never Worn White' hitmaker and her fiance Orlando Bloom before their daughter Daisy was born last month, and it's already a hit with the tot.
Katy shared a photo of the peach satin blanket - which has 'Baby Bloom' embroidered on the front - on Instagram and wrote: ''Miss [Daisy Dove] adores her hand embroidered blankie from miss @taylorswift
''hope it's one she drags around for years till it becomes an unrecognizable shred that she keeps in her pocket as a teenager (sic)''
The blanket was accompanied by a handwritten note from the 30-year-old singer, which was addressed to ''Katy, Orlando and little one'' and dated May 3, 2020.
Some of the body of the note was visible, and suggested Taylor had a personal reason for sending that particular gift.
It read: ''Katy and Orlando, my most (unclear) possession was a tiny silk...''
Meanwhile, Katy recently admitted she's been inspired to create a new documentary by Taylor's film 'Miss Americana', which was released on Netflix earlier this year and offered a candid look at the 'Love Story' hitmaker's life.
The 'I Kissed a Girl' singer has been collecting footage for the film since the release of her 2017 album, 'Witness'.
She said: ''At first there was a thought about putting something out, but as time gets on the story gets juicier.
''I say that because I think that 'Witness' time of my life is just one chapter in a very large book that is yet to be finished.
''We're only really five chapters in and it's maybe eight chapters, nine chapters, 10 chapters and I have incredible footage - I'm always documenting stuff.
''What I was really impressed by was Taylor's documentary.
''That whole time she's just been documenting intense amounts of footage and that's not over one tor or one record cycle.''
As life gets one step closer to normality for those affected by the impact of the CoVID19 pandemic we take a look forward to what's fresh, new and...
The normally uneventful month of February saw a lot more activity than the norm as 2021 saw significant signs of hope and optimism begin to appear.
Maximo Park return with their first full length studio album in nearly four years as they release 'Nature Always Wins'.
Yes, I know, it's far too early to call out contenders for the Top Ten Albums of 2021 but, if 'In Quiet Moments' by Lost Horizons doesn't feature...
Maisie Peters first release of 2021, 'John Hughes Movie', is as an inspired, individual and thought provoking concept that showcases the singers ever...
Wolf Alice make a long awaited return ahead of the release of their third album with a new single and video, 'The Last Man On Earth'.
Tom Odell returns with new song, 'numb', his first single in nearly two years.
Yet another teen sci-fi adventure, this movie may be sharply well-made but it struggles to...
Author Lois Lowry talks about her dystopian sci-fi book 'The Giver' in a featurette ahead...
Watch the trailer for Valentine's Day *Chick Flick Alert* Valentine's Day is a romcom set,...