The report claims the pair may hold their nuptials at billionaire James Packer’s new waterfront home.
Packer owns a new waterfront home in the beautiful area of Cabo, Mexico, and while he’s a friend of Stefanovic, it’s not confirmed if he will play a part in the big day.
The popular TV host recently defended his relationship with the 34-year-old designer.
'I'm in love and I'm sorry if that causes anyone hurt. But I won't be apologising to my nearest and dearest because I don't need to,' Karl told The Kyle and Jackie O Show.
The Herald Sun's report also adds that Stefanovic is paying his ex-wife Cassandra Thorburn $35,000 a month following their highly public divorce.
Stefanovic and Thorburn share three children - Jackson, 18, Ava, 13, and River, 11.
Neither one of them have confirmed these claims.
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