Karl Lagerfeld, Meryl Streep

David M. Benett/Getty Images for Karl Lagerfeld, Alberto E. Rodriguez/Getty Images

Meryl Streep is famous for creating award-winning drama on the silver screen, but that drama might be seeping into her closet. 

With just days until the 2017 Oscars, where the actress will be a 20th time nominee, the actress allegedly left one gown by the wayside because of money, according to Chanel creative director Karl Lagerfeld

As the designer's version of the story goes, Streep had her eye on an embroidered gray silk gown from Lagerfeld's most recent collection for Chanel and planned to wear it for Sunday's ceremony. However, she asked that the dress' neckline be higher, so the Chanel camp got to work—but not for long. 

"I made a sketch, and we started to make the dress," Lagerfeld told WWD.

Days later, someone from Streep's team allegedly rang. "'Don't continue the dress. We found somebody who will pay us,'" Lagerfeld described the phone call to the magazine.

Meryl Streep, Oscars

Jordan Strauss/Invision/AP

While Streep has sported Lanvin gowns to the Academy Awards in recent years, Lagerfeld blamed the brand's unwillingness to pay the star for her last-minute change. 

"After we gift her a dress that's 100,000 euros [$105,000], we found later we had to pay [for her to wear it]," he told WWD. "We give them dresses, we make the dresses, but we don't pay."

"A genius actress, but cheapness also, no?" he added to the magazine. 

Considering the extreme publicity the Oscar red carpet affords, it has become increasingly common for actresses to get paid to wear any element of their award look. 

Still, Streep's camp denies that money was the culprit. 

"This is a completely untrue story," the rep told E! News in a statement. "Ms. Streep would NEVER wear anything in exchange for payment."

For complete Oscars coverage, tune in to E! News at 7 p.m. and Fashion Police at 8 p.m. on Monday, Feb. 27.

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