According to reports, the Bollywood actress will join the Australian version of the reality show.
She is flying to Australia next month to promote her new film Metro and programme bosses would like to involve her.
A spokesman for Australia's Channel Ten said: "We are trying to work out just how long she can spend in the house."
The show's executive producer Tim Toni said: "You have got to throw in a few hand grenades!"
He said he hoped her inclusion would "liven up" the house.
Little birdie also tells us that Shetty may soon buy a sprawling Victorian-style apartment in London's posh Primrose Hill area, for a staggering Rs 2.8 crore
The latest in the Shilpa Shetty files is that she has booked a plush flat worth Rs 2.8 crore at Primrose Hill, a swish locality in London. After Big Brother, Shilpa's sagging career seems to be going uphill, and our sources say that she has been getting so many interesting offers in Britain that a house there makes perfect sense for her.
"Shilpa has been travelling a lot of late. Her agents in the UK suggested to her that she should buy a place there since she spends a considerable amount of time there," a source says.
After she zeroes in on her property at Primrose Hill, Shilpa will get to rub shoulders with the swish set comprising who's who around Regent's Park in North London. Our source reveals, "The hill has a clear view of central London."
A vicinity lined with Victorian terraces, it has always been one of the more fashionable districts in the urban belt that lies between the core of London and the outer suburbs.
Last year, the area became the subject of media attention when an empty multi-million pound house was taken over by a group of squatters. So, Shilpa will not be the only attraction in the neighbourhood!