The 31-year-old model has joined forces with the luxury fashion house and stars in their latest commercial alongside Andres Velencoso and McKenna Hellam, which was photographed by Peter Lindbergh, reported Elle.
The designer brand has shared images from the campaign of the brunette beauty adorning an entire red ensemble whilst posing by the sea on their social media account.
They captioned the Instagram account: "Elegant Sportif: From the #FerragamoSS17 collection, a lean double-zip anorak and high-waisted skirt with fluted hem. @lilyaldridge (sic)."
And the catwalk icon, who has four-year-old daughter Dixie with her husband Caleb Followill, has been likened to the Disney Princess Cinderella in the shoot.
"Like Cinderella, but better, much better. @lilyaldridge and @andresvelencoso share a moment in the new #FerragamoSS17 campaign, photographed by @therealpeterlindbergh.