The 39-year-old fashion designer appears to be in demand to create a range of sexy clothes for lead characters Christian Grey and Anastasia Steele for the racy film which will be based on EL James book, reported Daily Star.
"Fifty Shades is going to be more than a movie. We are hoping for spin-offs in fashion and music. Victoria is front runner," a source said.
Universal chiefs are also reportedly considering designers Dolce and Gabbana, Diane Von Furstenberg, Calvin Klein and Marc Jacobs for the film which is being directed by Sam Taylor-Wood.
The former Spice Girl previously said, "I'm halfway through the second one. I even bought my mum the book. But every time she tries to engage in conversation about it, I kind of dodge the subject. I don't really want to talk to my mother about S&M.