According to The Sun newspaper, the controversial 47-year-old rapper has registered a new trademark for a brand called Droam, which "covers everything from umbrellas and whips to shoulder and tote bags".
There are also reportedly plans for a Droam gym range.
Meanwhile, it was recently revealed that Kanye has sold his Malibu mansion for a $36 million loss.
Kanye offloaded the oceanfront property for $21 million just three years after buying it for $57.3 million.
After buying the Tadao Ando-designed property, Kanye completed gutted it in anticipation of extensive renovations.
However, he never finished the project and it has now been snapped up by California-based real estate crowdfunding firm, Belwood Investments, according to The Real Deal.
Belwood founder and owner Steven "Bo" Belmont said in a press release: "We are incredibly excited about the acquisition of this property.
"This is not just a phenomenal real estate investment; it is an opportunity to revitalise and preserve an architectural gem by the renowned Tadao Ando, ensuring it remains a jewel of Malibu. This acquisition exemplifies Belwood Investments' commitment to transforming properties with historical and architectural significance while delivering exceptional returns for our investors."