Miranda Kerr may no longer be a contracted Victoria's Secret Angel. Numerous media reports have claimed Kerr, a famous supermodel, may have separated from Victoria's Secret.

Miranda Kerr's three-year contract worth $1 million was not renewed with the lingerie company, according to an Us Weekly report.

The magazine cited a source that revealed that the 29-year-old Australian model had a "difficult reputation" as a model and "was not a big seller" for Victoria's Secret.

"The Victoria's Secret brand is bigger than any of the individual models' brands. That is why Victoria's Secret can get away with recycling models every few years," according to Abbey Klaasen, editor of Ad Age.

The president and chief marketing officer of Victoria's Secret, Ed Razek, addressed Kerr's contract rumors in a statement to ABC News.

"Miranda Kerr is one of the best models in the history of the business - and easily one of the most popular. She is also a consummate professional. Any rumors to the contrary are simply untrue. While her international commitments have kept her away from us more than we'd like over the past few years, she will always be an Angel to me," Razek said.

He emphasized that Victoria's Secret plans to continue working with Kerr and that Kerr has already agreed to walk in the Victoria's Secret fashion show this year. Kerr's publicist confirmed Razek's statement.

What Razek didn't mention is Kerr's contract, suggestion that Kerr won't be in the 'upper echelon' of Angels and will only appear periodically for Victoria's Secret. The non-renewal of Kerr's contract is most likely due to her time commitments elsewhere.

Miranda Kerr has her own makeup line called Kora Organics and was recently appointed as an ambassador for Quantas airlines. She is also a certified nutritionist. Kerr and her husband, Orlando Bloom, have a 2-year-old son together named Flynn.