Is supermodel Carolyn Murphy about to seize Kate Moss’s mantle as the world’s most scandalized mannequin? After weeks of lascivious chatter about a sex tape featuring the 2005 Sports Illustrated Swimsuit Issue covergirl with ex-husband Jake Schroeder, sources say a copy of the video has found its way to the Arizona-based Internet Commerce Group—the same outfit now embroiled in a court battle to release the raunchy Colin FarrellNicole Narain romp.

We hear ICG expects the superexplicit nature of the footage to generate blockbuster internet sales. Shot over 17 days during Murphy and Schroeder’s 1999 Barbados honeymoon, the two-hour tape is said to feature the sun-kissed stunner getting acrobatic with the heavily tattooed Schroeder. (A motion picture epic compared with your average celebrity slutfest, that still averages out to a mere 7.0588 minutes of conjugal bliss per 24-hour period. No wonder she left him.)

Since those halcyon days, the couple has gone through a nasty divorce and a custody battle over their four-year-old daughter. Schroeder, a surf-shop owner, has repeatedly sniped at his ex in the press—telling Page Six, for instance, that “Carolyn is as fake as her new ta-tas.” We also hear that Schroeder, who claims the tape was “stolen,” is in for a hefty piece of the proceeds.

Sal Abate, owner of ICG—which operates a suite of celebrity porn sites—confirmed that his company has been approached by an “unnamed source” with the tape but said any deal to distribute it is contingent on the outcome of the Farrell case, which could be resolved as early as next month. (Just in time for Christmas!)

“Right now things are looking very good in our favor,” Abate said of the courtroom showdown. “We’re going to really open the floodgates in terms of legal recourse”—setting a precedent, he believes, that would allow ICG to release footage of Murphy’s kinkiest private moments without the antiquated formality of getting her consent. “It’s a copyright issue,” Abate said. “As one of the participants, Murphy will be entitled to a share of the profits, but she won’t be able to keep it from being sold.”

Murphy’s rep Desiree Gruber declined to comment. Neither Schroeder nor Marty Singer, who is representing Farrell in the court case, could be reached by deadline.