The model is said to have agreed to appear in the next series of the reality show on Channel 5, along with Blue singer Duncan James, according to The Sun.
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The pair will join forces to arrange a couple whom they have never met's wedding day.
A source said: "Katie has plenty of experience with weddings, having organised two herself.
"She and Duncan will put together a no-expense-spared day. It will be outrageous and maybe some of their celebrity pals will turn up for the do."
A friend of Price's added: "A deal isn't signed yet but it looks likely."
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Price's first wedding to Peter Andre included a pink horse-drawn carriage, while she also wore a Swarovski crystal-encrusted wedding dress.
The model's 2010 wedding to Alex Reid took place in Las Vegas.
She recently became embroiled in a Twitter row over a repossessed engagement ring with her ex-fiancé Leandro Penna.
