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Liv hinted about it in a recent interview, and now Grazia Dialy is reporting that Liv will front the new campaign for Pantene!

Head to Grazia Dialy to watch a behind-the-scenes video and a short interview!
You can also watch the clip on YouTube.

Still no info on when the commercial will be aired.

This is not the first time Liv teams up with Pantene: In 1996 she did a couple of commercials, and you can see one of them on YouTube.

Update: According to diary Directory, Pantene will launch the new campaign November 1st. Liv will appear on print and TV ads!
Click here to read the article.

Update 2: One more article at FashionInsight.co.uk:
Pantene Pro-V is delighted to confirm that one of Hollywood's finest A-Listers, Liv Tyler is joining Pantene as the new UK ambassador, as the face of the brand's forthcoming relaunch. Seven years in the making, NEW Pantene will be rolling out nationwide from November 1st, and will deliver a step change in the way women shop for hair care.

As an original Pantene ad girl from the 90's, and because of her trademark beautiful hair - Liv was a natural choice for the brand. Liv's timeless looks and gorgeous healthy looking hair epitomise everything the Pantene brand stands for. Liv will be appearing in both print and TV ad campaigns, championing the brand new 'Repair and Protect' range for normal to thick hair, that features new-to-the-world ingredients and proven to deliver results.

"I'm really excited about working with Pantene on this new project, especially as I did a Pantene ad back in 1996 when I was 19. I've tried lots of different hair care brands over the years, but Pantene is my favourite as it always leaves my hair looking and feeling really healthy."- Liv

Update 3: In celebration of the event, Pantene UK is running a contest - tweet them three movies that Liv has starred in, and you'll be able to win some Pantene products!
Click here for the contest page.

Update 4: More articles at Telegraph and OK!.