The programme will be the singer-songwriter's first return to presenting after the second series of BBC3's Lily Allen and Friends ended two years ago.
A source told Metro: "They've already started filming it. They're spending quite a lot on each show and there will be a couple of episodes following Lily in her new life in fashion."
A Channel 4 spokeswoman reportedly added: "It is happening. The name and how many shows there will be is still undecided. It is due to go out early next year."
In February, Allen confirmed plans to quit the music industry and focus on fashion and other ventures.
