Lady Gaga is not developing a perfume with Coty Inc. Just when we thought we were going to have to invest in another perfume. Rumors have been swirling around the web today that pop star Lady Gaga had signed a fragrance deal with Coty Inc. to develop a new perfume.

However, Coty Inc. has come forward to say that the rumors are false. Steve Mormoris, Senior Vice President of Global Marketing for Coty’s Beauty division told WWD, “I know nothing of this project. It is a totally false rumor.”

It looks like we’ll have to wait a little longer to get some Gaga infused scent.

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