Gisele Bundchen at Victoria's Secret's spectacular 10th annual show
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New York, May 7 (ANI): Gisele Bundchen will not be twiddling her thumbs once her contract with Victoria’s Secret expires, for she is reportedly going to sign a new deal with H&M.

A source revealed that the Brazilian supermodel is "negotiating a lingerie line" with the label, and will start on it as soon as she stops working for Victoria’s Secret.

The insider revealed that though Bundchen had been in talks for her own line with H&M for some time now, her obligations to Victoria’s Secret had been holding her back.

The situation however, is soon going to change.

"Gisele has been in talks with H&M for a long time, but for legal issues she has to wait for her Victoria's Secret contract to end to start the project," the New York Post quoted the source, as saying.

Bundchen quit as the lingerie line's 'Angel' earlier this month after the company refused to raise her annual salary from 5 million dollars. (ANI)