AceShowbiz -

Taylor Swift reportedly got her Olympic theme song rejected in favor of Katy Perry's "Rise". Rumor has it, the two singers will likely release new albums this year and both of them were approached for the Olympic gig.

Blind Gossip, a site that publishes celebrity rumors without naming names, recently posted a story about a "recent situation involving two famous singers who can't stand each other." Jezebel referenced the story along with the headline, "Was Taylor Swift's Olympics Theme Rejected In Favor of Katy Perry's 'Rise'?"

Blind Gossip wrote about a singer, supposed to be Taylor, "Well, she blew it again! She was one of several singers in competition for a song for a major sporting event, but she just couldn't rise to the occasion and come up with a song that would work. Don't bother asking her about it, though. She will never, ever admit that she was even approached for the gig. After all, losing is just not a word that she wants associated with her or her work!"

"However, she is definitely the one who feels most burned by the winner!" the site added, "That's right. Losing is bad, but losing to Winner - the person with whom our singer has so much bad blood - was just infuriating!"

Neither Taylor nor Katy has responded to the rumor yet. A source involved with the 2016 Rio Olympics denies the report, telling Gossip Cop, "Taylor was never in contact nor did she ever submit a song for this year's Olympics."