K-Fed and Girlfriend Plan Chaotic 2.0

Britney Spears' ex in talks for a new VH1 reality show with gal-pal Victoria Price

Guess who's ba-a-ack?!

It's Britney Spears' wife-beater-loving ex-husband Kevin Federline, and he's eyeing a new reality program to show off his latest girlfriend, Victoria Prince, and (gasp) his two sons, Sean Preston and Jayden James, a source tells E! News.

"Victoria is a big part of the series," says the source. "They are not engaged, but she lives with him full-time in his place in Encino."

Lucky for Victoria, Britney seems to have given the "step-in mommy" her seal of approval. "Victoria and Britney first met before Britney's tour at Kevin’s home," says our source. "They had a meeting face-to-face, when Victoria was home alone with the kids. It was awkward, but Britney was nice."

When she isn't helping out with the kids, our source says that K-Fed's girlfriend, a former AVP volleyball player, is taking online graduate classes in communication. "Victoria actually quit her entry-level job at Fox Sports in L.A. after meeting Kevin," says the source. "She’s considering returning to volleyball, but isn’t sure."

This isn't the first time K-Fed has tried to reprise his role as a reality star since Britney & Kevin: Chaotic aired four years ago. In February 2008, he reportedly canceled a possible show after Britney's infamous breakdown.

A rep for VH1 could not confirm that the couple is working on a show with the network, and Kevin's rep has not returned E!'s request for comment.