The 42-year-old catwalk queen will be one of the coaches, who each will guide contestants through a series of tasks, reported Sun online.
Campbell already acts as one of three judges (along with Karolina Kurkova and Coco Rocha) on the American version of the show, which is hosted by photographer and America's 'Next Top Model' star Nigel Barker. She is also the executive producer of the show.
"Naomi has been a revelation. The deal isn't done but it should be on air later this year," a source said.