AceShowbiz - Pop superstar Madonna is set to cash in on her status as a fashion icon - she's in talks to design her own clothing range with bosses at U.S. department store Macy's. The "Material Girl" established herself as a trendsetter early on in her career when she became known in the 1980s for her bleached blonde hair, fishnet stockings and her famous coned bra.

Now Madonna is negotiating a lucrative deal with Macy's bosses to bring her style vision to life in a collection of apparel, accessories, underwear and footwear, reports industry publication Women's Wear Daily. Executives at clothing company Iconix Brand Group Inc., the same firm which bought Jay-Z's Rocawear line for $204 million in 2007, is believed to be involved in the venture, although a representative has refused to confirm or deny the reports.

Madonna has previously designed a fashion line for high street retailer H&M, which went on sale worldwide in 2007, and she was due to team up with Christian Audigier in 2009 but pulled out of plans at the last minute.