The 28-year-old appeared in the winter series last year, but could be about to fly back to South Africa ahead for a second chance at finding love.
Meanwhile she’s been pictured on the red carpet at the UK premiere of Jason Statham‘s new film The Beekeeper.
Olivia looked incredible in a black cut out dress as she posed for snaps outside London’s Vue in Leicester Square.
She risked bursting out of her dress as she went braless in the barely-there outfit.
Olivia said she was “premiere ready” as she posted pics on social media before going out to face the flashing lights.
MORE ON LOVE ISLAND ALL STARS
The Sun revealed aspiring actress Liv is in the running after impressing bosses the first time round.
She became one of the series’ most popular stars last year – but left the villa before the final after finally settling with Maxwell Samuda.
Sadly their relationship didn’t last.
A show source said: “Liv has had a series of meetings with Love Island bosses and they’re really keen to get her in the All Stars villa.
“She was the most memorable and talked-about contestant on Winter Love Island earlier this year, so they know she won’t be afraid to ruffle feathers and cause drama.
“Liv is looking like one of the red hot favourites to be in there.”
Love Island All Stars kicks off on January 15.
It’s set to be an explosive series after signing feuding exes, a controversial star and a legendary winner.
Among the stars in the line-up include Georgia Steel, 25, and ‘Messy’ Mitch Taylor, 27.