The Australian supermodel, who has 6-month-old son Flynn with her actor husband Orlando Bloom, was believed to be launching a movie career after being spotted meeting Harvey Weinstein in New York last week.
According to the Herald Sun, Weinstein and Kerr were only together to discuss her role as a guest judge on the upcoming modelling reality television series.
It is believed that Kerr will appear on the show alongside Weinstein's wife Georgina Chapman, who is a fashion designer for Marchesa.
Earlier this week, Kerr was spotted out jogging with former colleague Heidi Klum. Klum later wrote on her Twitter page: "Running with ex Victoria's Secret buddy, Miranda Kerr. Always good to catch up, run and share some baby pictures!!"
Since giving birth to her son, Kerr has been an advocate for breastfeeding, describing it as "natural" and "precious". She has also said that she feels very "lucky" to have a family.