Hot starlet Blake Lively who is already somewhat of a fashion favorite, will star in a new ad campaign for French fashion house Chanel. E! Online got the scoop that ‘The Gossip Girl’ was just in Paris to shoot for the French fashion houses’ handbag collection and the ads should launch early next year. No stranger to Chanel, in July, Lively discussed her fondness for Karl Lagerfeld in the front row of the Chanel Haute’ Couture show during Paris fashion week and was also a guest at the reopening of the Chanel store in Soho. The up and coming movie actress will hit the big screen in June when she stars opposite Ryan Reynolds in The Green Lantern. Lively is pictured here at the Beyonce hosted Lorraine Schwartz ‘2BHappy’ Jewelry Collection party at Lavo.