Katie Price: Cavorting Topless with Alex Reid!

With estranged, demoralized husband Peter Andre looking after her children, Katie Price is giving Jon Gosselin a run for the how-low-can-they-go title.

The shameless model showed little regard for modesty (or common decency) as she cavorted topless around a Spanish resort with her new beau Alex Reid.

The pair laughed and flirted as she received a massage. Earlier, the brazen, buxom whack job was seen bathing topless in a pool with the cage-fighter.

Katie Price, a.k.a. Jordan, jetted off on Sunday after worries she may have developed swine flu, but appears to have gotten over any health fears.

In a move likely to cause more despair for Peter Andre, Katie Price and Alex Reid didn't exactly try to hide their very public, rather crass displays of love.

Katie Price is not the slightest bit hesitant to rub these in Peter Andre's (or more accurately Alex Reid's) face. Ouch. Better take away Pete's belts and shoelaces.

A source close to Jordan told The Sun: "Katie and Alex have spent almost every moment out by the pool. They are just all over each other all day long."

"Katie's having a whale of a time, that's for sure. She clearly doesn't miss [Peter Andre] and is kicking herself that she didn't meet Alex sooner."

She may not be laughing last, however. Some observers say the photos of her topless with Alex Reid are likely to count against her in a custody battle.

While she snogs everything that moves, Peter has been spending his days out of the spotlight with kids Harvey, 7, Junior, 4, and Princess Tiaamii, 2.

A source said: "Peter will be furious about them. If he decides to fight back in court, these kind of images could be very damaging to her cause."

Follow the link for photos and more on Jordan's antics ...