Taylor Swift might become a free agent

Taylor Swift's record deal with Big Machine Records expires this November after which she might become a free agent. The singer was just 15 years when she had signed the deal with the company.

The singer's sixth album 'Reputation' released last November, the first anniversary of her album marks the official expiry of her obligation to Big Machine Records and its founder Scott Borchetta, who signed the singer in 2005, reported Variety.

The 28-year-old singer is among the most successful artists in the music industry and is also a savvy businesswoman as she has already been free to negotiate with rival companies, though she couldn't sign any new deal before November.

Her reps are known to have the first round of discussions with the major label groups, along with talks about returning to Big Machine.

The 'You Belong With Me' singer could face a struggle over the ownership of her previous albums, which currently is in the hands of Big Machine. The label derives about 80% of its revenue from Taylor's music.

Signing with Sony or any other major labels is an option for her and she could also sign a deal with Republic, a label under the Universal Music Group umbrella.

Big Machine declined to comment on this, as did Swift's team.

It stands unclear what Swift's next move will be, whether she'll decide to remain with Big Machine, go independent or negotiate a new deal.