Taylor Swift Taylor Swift

Here's your chance to smell like Taylor Swift.

The 20-year-old singer has signed a deal to create her own fragrance with Elizabeth Arden, the company announced Monday.

"I have always loved how fragrance can shape a memory the way certain scents remind you of events and people that are imprinted in your thoughts," Swift said in a statement.

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Swift is the latest artist to launch a signature scent. Lady GaGa announced last month she was creating a perfume to debut in spring 2012, Christina Aguilera recently launched her fifth fragrance, and Jennifer Lopez has her successful Glow by J.Lo collection.

Swift's scent will debut next fall.

What should Swift's fragrance be called?