Is Chanel impressario Karl Lagerfeld hanging up his sketch pad for a brief appearance on The CW teen soap Gossip Girl? Blake Lively — who happens to be in Paris filming scenes for the forthcoming third season of the series — was spotted walking the streets of the City of Lights arm-in-arm with Lagerfeld this week, prompting speculation that Karl may be joining former supermodel Tyra Banks as the latest fashion notable to appear on the primetime drama.

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