Compromising pictures of Italian Prime Minister Silvilo Berlusconi are on sale for 1 million pounds.

Italian media reports stated that the photographs showed Berlusconi naked in the company of the women. These photos of the Prime Minister were not published by magazines as they were taken ''inside his private property.''

Fabrizio Corona, who runs a celebrity photography agency, claimed that members of the Camorra mafia in Naples are trying to sell the alleged images to gossip magazines, the Daily Telegraph reports.

Representatives from a big weekly magazine went to Naples to buy photos of Berlusconi from the underworld, he told an Italian television programme.

An Italian newspaper has also reported that the existence of the images had prompted a bidding war between magazines and photo agencies, with a starting price of €1million ($1.34 million).

However, Berlusconi's legal team Niccolo Ghedini and Paolo Longo has issued a statement which said, ''if the photographs exist they are falsely created and manipulated montages.'' They have filed complaints with authorities and Italy's privacy watchdog as a precaution.

Berlusconi is knee-deep in a series of scandals involving women - some of them underage, some escorts. He faces a trial over his antics with a 17-year-old Moroccan nightclub dancer. The 74-year-old defends himself saying that he has never paid for sex - the women at his bunga bunga orgies all attended willingly and without receiving any compensation to entertain his cronies.

Last week, one of Berlusconi's Parliamentarians was caught ogling at escort girl's website on his iPad during a no-confidence debate.