Katy Perry in talks for collaboration with Steve Madden

New York: Singer Katy Perry is said to be in talks with shoe king Steve Madden to collaborate on a fashion venture together.

Madden, 52, has already partnered with Mary-Kate and Ashley Olsen for their Olsenboye and Elizabeth and James clothing lines, and with Zac Posen for his lower priced Z-Spoke label, the New York Post reported.

Representatives for Madden and Perry, 25, have not confirmed if any deal was made.

Meanwhile, Madden is saving designer Betsey Johnson from creditors, after taking over a 48.8 million dollar loan, which was in default.