Caprice is set to star in a reality TV series similar to the Real Housewives franchise.
The pregnant model, who also has a surrogate baby due a month before her natural birth, will appear in new Bravo show Ladies Of London according to The Sun.
It will also star socialite and businesswoman Caroline Stanbury, model Noelle Reno and Alexander McQueen's muse Annabelle Neilson, with cameos from celebrities including Liam Gallagher's ex Patsy Kensit and model Jodie Kidd.
Ladies Of London will revolve around the business and personal lives of six wealthy and glamorous women and is due to air in the autumn.
Filming has already started and Caprice - who took part in Celebrity Big Brother in 2005 - has apparently been seen in a London restaurant with a film crew.
The show will made in the format of documentary, not scripted reality like The Only Way Is Essex and Made In Chelsea.
A source said: "There's a lot more to these women's lives than just shopping and necking champagne. Viewers are going to be shocked by just what goes on in these elite circles.
"Caprice is trying to juggle her underwear business while preparing to be a mother for the first time. She is determined to keep up with the pace of life that these women in London lead, while frantically preparing for motherhood.
"It promises to be a very funny, scandalous and sometimes very moving new series for reality TV fans."