The result will be a collector's edition Barbie with all the hallmarks of Lagerfeld's distinctive style, reported the New York Daily News.
This fall, Barbie will add a new look to her wardrobe, including a black blazer, a white men's dress shirt with a starched collar, a black satin tie and a pair of fitted black jeans.
"Working with Karl Lagerfeld for this unique creative collaboration has been an incredible honour," said Kim Culmone, Vice President of Design for Barbie products at Mattel.
Lagerfeld Barbie will go on sale in a limited edition under the Barbie Collector line.
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