London, Aug 1 - Peter Andre's estranged wife Katie Price is expected to celebrate her official split from the singer with a televised 'divorce party extravaganza'.

The model has signed a deal for a new ITV show, reports thesun.co.uk.

'Katie wants to have a real party when her divorce with Peter comes through. She wants to show the world how happy she'll be. The plan is for her to invite a load of her friends and celebrities to toast her freedom,' said a source.

The 31-year-old feels the bash will be a 'fitting finale' for the show, which will reportedly fetch her 500,000 pounds for the series -- along with another cheque for selling pictures of the party to a magazine.

ITV cameras have been following Price for weeks and will be with her throughout her divorce proceedings.

'I just want to have a big divorce party to say I'm single. I want to get it over,' she had said recently.