There's a rumor going around that Erdem Moralioglu might be the designer who will guide Schiaparelli back into the market next year.

On Monday, Grazia speculated that Moralioglu's talent and romantic vision would make him the perfect person to design for the house.

But earlier this year when his name was being tossed around as a contender to replace John Galliano at Dior, the designer told Vogue UK he wasn't interested in taking on another fashion label.

"Anything like that is a compliment, but you just have to concentrate on your job and what you're doing," he said.

Tod's Group chairman Diego Della Valle, who owns Schiaparelli, had planned to announce the brand's new creative director this Fall and relaunch the brand for Spring 2013. But last week, the brand's spokeswoman Farida Khelfa said the first new designs for Schiaparelli likely won't debut until "June or July" of next year. Whether Moralioglu will be the man who creates them remains to be seen.