Delevingne's agency Storm Models have removed her profile from its website today, confirming that the gossip was true.
But why the departure from fashion?
Delevingne has swapped the catwalk for Hollywood movie sets, with leading roles in this summer's Paper Towns and the upcoming Batman flick Suicide Squad.
But it seems the 22-year-old has also become disillusioned with the fashion industry, deeming comments about her weight "horrible".
In her most recent interview for July's Vogue, the model-turned-actress revealed she gets more satisfaction from her new career: “The thrill of acting is making a character real. Modeling is the opposite of real. It’s being fake in front of the camera."
“I’m not sure I understand what fashion is anymore,” she said.
“I admit I was terrified to leave. I mean, the bubble gives you a kind of dysfunctional family. When you’re in it, you get it. And the second you’re out of it, you’re like, What the hell just happened?”