Iggy Azalea Sex Tape My Ex Is Selling It for Revenge.. what do we believe

Iggy Azalea's legal team now says it may indeed be her in that sex tape ... but there's also a chance she was under 18 when it was shot.


It's a big change from what her people told TMZ just 2 days ago ... that NO Iggy sex tape exists. Now it sounds like it does ... but with legal peril.

We broke the story ... a video purportedly showing Azalea and an ex-boyfriend is being shopped to porn giant, Vivid Entertainment. 

But then Iggy's lawyers now tell us ... any sex video would be the work of a "spurned business suitor" -- aka the ex-BF -- who's just trying to damage her image and career out of revenge. They also told us any footage was possibly shot "without her knowledge or consent" ... kind of a weird statement -- either it was or it wasn't. The lawyers also say it's possible it was shot when she was a minor.

So, let's review Iggy's sex tape position: It's NOT me ... it MIGHT be me ... IF it's me, an evil ex-business partner is out to get me ... and I might be jail bait ... so, I dare you to release it.