"Extra" has learned Rachel Uchitel is in negotiations to pose for Playboy magazine.
Sources say the New York City nightclub hostess "wants a lot of money" and the deal is not finalized.
Uchitel, 34, was the first woman publicly outed as one of Tiger Woods' alleged mistresses. She has denied a relationship with the golfer.
CBS legal analyst Lisa Bloom, whose mother Gloria Allred represents Uchitel, says Woods struck a deal with the VIP hostess to keep her quiet about their alleged affair. Bloom believes the settlement was worth "at least a million dollars."
Reps for Playboy refused to comment.UPDATE: Late Friday afternoon, Uchitel's attorney, Gloria Allred, issued this statement: "Rumors that Rachel Uchitel will be appearing in Playboy have been circulating. Those rumors are false. Rachel will not be appearing in Playboy."