According to market sources, the collaboration under discussion would be at Fendi, where Jones has already unfurled projects with two other designers with whom he is very friendly Donatella Versace and Marc Jacobs.
It is understood the proposed tie-up could be unveiled as early as November.
Best known for his tenures at the design helm of Yves Saint Laurent and Zegna, Pilati has recently dabbled in furniture design alongside his Berlin-based fashion collection Random Identities.
He is prized for his keen fashion instincts, voluptuous, innovative tailoring and knack for eye-catching shoes and handbags.
The dapper Italian designer made a splash during Paris Fashion Week last June, taking in Jones’ spring 2024 men’s show for Dior, and walking the runway for Pharrell Williams’ debut as menswear creative director at Louis Vuitton.
Last fall, Pilati rebooted his Random Identities label after a two-year hiatus and lined up a like-minded distribution partner in Dover Street Market Paris.
Random Identities was boundary-breaking when it was first unveiled in 2018, initially as a joint venture with Canadian online retailer Ssense.
Genderless, seasonless and luxurious, but at a contemporary price point, it draws on gay and club culture in Berlin, where Pilati has based himself since leaving Ermenegildo Zegna in 2016 following a three-year stint.