The 'Night Manager' star is reportedly being considered to succeed the DJ as the face (and body) of underwear brand Armani.
Calvin parted ways with the company earlier this month to launch his own fashion range, having modelled their garments since he signed a deal in 2016.
Tom, who is currently dating Calvin's ex Taylor Swift, is apparently on a shortlist of people to replace him.
Tom has already given modelling underwear a go, by posing in his boxers for W magazine last month.
He also went public with his relationship with Taylor last month, just weeks after her split from Calvin.
While none of the three parties involved have commented directly on reports about Tom and Taylor's romance, the pair have been spotted on a number of dates, with Tom also meeting Taylor's mum.
Tap the image below to launch the slideshow...