Fury beat Wladimir Klitschko on points on Nov 28, taking the Ukrainian's WBA, IBF, IBO and WBO belts.
The Briton was then obliged to fight the International Boxing Federation's mandatory challenger Vyacheslav Glazkov, but Fury has instead chosen to face Klitschko in a rematch, the BBC reported.
"It's true he's been stripped of his IBF belt," the BBC quoted IBF championships chairman Lindsey Tucker as saying.
"Our challenger was Vyacheslav Glazkov, but instead Fury's gone and signed a rematch clause with Wladimir Klitschko."
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