The three-times married former glamour model gave birth to her fifth child last week, reported the Huffington Post.
"Katie's been through a hell of a lot in her thirty six years, but she was clever to document it all down in her books. They're always great sellers and now they can form the basis for a film of her life.
"The publishers think there will be a great appetite to watch a dramatisation of Katie's crazy life and they're so keen to get her on board, they're talking about a hefty pay cheque to go with it," a source said.
"Katie has always admired Carmen Electra and thinks they're very similar in many ways," the source added.