Miley Cyrus has been offered a lucrative seven-figure contract to slide into a pair of Guess Jeans for an ad campaign promoting the denim brand’s trendy collection.

“Miley was offered more than $1 million by Guess Jeans to model in magazine ads and on billboards and do some in-store appearances,” a fashion maven close to the discussions reveals in the Sept. 7 issue of Star.

This summer, Miley unveiled designs for her joint fashion venture with BCBG designer Max Azria, nonetheless, the Hannah Montana actress is considering grabbing the Guess gig — as long as she can find time in her schedule.

“She’s busy now, but she might do it if she finds the time,” says the insider.