The ladies have a new reason to fawn over Brad Pitt as the star has signed on to become the face of Chanel No. 5!

According to E!, a source told the publication that the 48-year-old actor will shoot his first ad for the signature scent in London sometime this week.

Reports also say that Pitt will be rewarded handsomely for being the perfume's spokesperson, with his salary for the spot somewhere in the seven-figure range.

Reps for the actor and Chanel have yet to comment on the new alliance, but if the reports are true, Pitt will be making a pretty penny hawking the perfume. We're sure he likes the sound (and smell) of that!

Oh, and speaking of pretty, check out these photos of Brad and Angelina's new $16 million dollar London mansion in the gallery below!