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.
A video purportedly showing Azalea and an ex-boyfriend is being shopped to porn giant, Vivid Entertainment.
But then Iggy's lawyers now says .. 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 say 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.
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