Don't call it a comeback, but former Chloe babe, Phoebe Philo, maybe returning to fashion in a big way next year.

According to WWD, LVMH is "this close" to inking a deal with Philo to take over the reigns at Celine. Rumors have been swirling in Paris that an announcement about the new move could come as early as September and Philo's first collection will subsequently be presented in March.

Meanwhile, you should head on over to Gap and pick up as many cute pieces from their limited edition European collection as possible. Why? Well, while Philo has been itching to make her back into the high fashion ring, she's been "secretly" designing for the European Gap. Yeah, all of those Chloe-esque chunky wedges and adorable dresses, that's all Philo, baby.