UPDATE, 3/7/12: PPR released a statement confirming Slimane's move: "Yves Saint Laurent and PPR announce today the appointment of Hedi Slimane as Creative Director of the maison Yves Saint Laurent. Slimane will assume total creative responsibility for the brand image and all its collections. In parallel with this new position, he will continue to pursue his career in photography."
UPDATE, 3/6/12: Suzy Menkes reports that Hedi Slimane will be named the new creative director of Yves Saint Laurent on Wednesday, as confirmed by PPR.
Previously: We're still reeling from the Jil Sander/Raf Simons switch-up, and now news comes that more key fashion players may be playing musical chairs. Uncle!
Hedi Slimane, the former design head of Dior Homme, is set to take over the creative director helm at Yves St. Laurent, Women's Wear Daily reports.
YSL's creative director position is currently held by Stefano Pilati, although rumors have been circulating for awhile about his status there.
And if the reports are true, this deal is close to being done: the news organization AFP is also reporting that Slimane is poised to move to YSL, saying that a contract has already been signed.
A spokesperson for YSL reportedly declined to comment.
Slimane, who served as designer for Dior from 2001-2007, revolutionized menswear with his slim silhouettes; he once claimed to be the founder of skinny jeans.
So! If all of these fashion honchos can just figure out where they're going, please do. Our heads are spinning.