Is Reese Witherspoon the next Beauty Queen?

Could Estée Lauder be on the verge of signing its second Oscar winner? According to industry sources, word has it that the beauty giant is in talks with Reese Witherspoon about becoming the newest face of Estée Lauder, joining an illustrious roster that already includes Gwyneth Paltrow, Liya Kebede, Carolyn Murphy, Elizabeth Hurley, and, most recently, Hilary Rhoda. The 31-year-old actress and mother of two, who won an Academy Award in 2006 for her role in Walk the Line, is rumored to be in the elementary stages of discussion, with the source adding that there is no concrete contract just yet.
Witherspoon recently agreed to be dressed by Nina Ricci’s Olivier Theyskens for all formal public outings, and reportedly has a deal to wear Van Cleef & Arpels jewelry on the red carpet exclusively.