The designer is to show his debut collection for the French house in Paris.
Market sources say Versace is working on an expansion plan ahead of the listing and that its has recently held discussions with Tisci.
The collection features co-branded items ranging from denim and camouflage jackets to three styles of handbags.
The upcoming sale will include photographs by Helmut Newton and a sculpture of Kate Moss by Marc Quinn.
Elizabeth, who has modeled for Miu Miu, Tory Burch, Oscar de la Renta and other houses, was on the runway with Aldridge in the Victoria’s Secret show in Paris in November.
Market sources say that the Italian fashion company is working on an expansion plan ahead of the listing and that it has made overtures to Givenchy’s artistic director in recent months.
The Franco-Canadian actor was among personalities attending the debut men’s wear show under Pierpaolo Piccioli.