Emma Watson 03.08 MEmma WatsonEmma Watson is shooting up in the showbiz world, it seems.

Rumour has it the 18-year-old starlet has landed a deal with top notch fashion house Chanel.

She's apparently set to be the new face of Chanel perfume Coco Mademoiselle.

Hot wire goss suggests the two-year long contract is worth £3m.

If all done and dusted, the deal means Emma will be replacing Keira Knightley, whose contract as advertiser of the fragrance ends this summer.

A source at Chanel told The Sun: "Chanel have been dressing Emma for film premieres and parties in recent months to integrate her into the brand."

Well, our congrats to Em.

This is the beginning of even bigger and better things for the Harry Potter princess, we think.