Hogan with new wife, Jennifer McDaniels. Credit: Getty Images.
Hogan with new wife, Jennifer McDaniels. Credit: Getty Images.

WATCH: Hulk Hogan's sex tape on the Sunrise Entertainment Report

Grainy footage was released to Entertainment website TMZ, and shows the star getting dressed with a naked unidentified brunette lying on the bed.

Hogan sports a thong tan-line and pulls off his shirt to inform his companion - who is not his ex-wife, Linda Hogan, or his current wife, Jennifer McDaniel - that he had started working out again.

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Vivid Entertainment CEO, Steve Hirsch, has confirmed that a third party approached him with the tape, but did not say if any other porn distributors have offered to buy it.

The 'Thunder in Paradise' star's lawyer, David Houston, has released a statement saying Hogan is "appalled at the unauthorised release of a secretly filmed video," adding, "[he] neither approved of the filming nor the release of the same. It is clearly an outrageous invasion of privacy and breach of trust if it is genuine."

Hogan - whose real name is Terry Bollea - will take the necessary steps to enforce both civil and criminal liability.

It was only three months ago that Hogan addressed the media over allegations made by his ex-wife, Linda Claridge, that he is gay.

Linda, who was married to Hogan for 24 years before their divorce in 2007, alleged in her memoir that Hogan had an affair with fellow wrestler Brutus Beefcake, and that he was prone to violent, threatening outbursts during their marriage.

Hogan's ex-wife Linda Claridge with her memoir; "Wrestling the Hulk: My Life Against The Ropes." Credit: Getty Images.

Hogan appeared on 'The Wendy Williams Show' in February and addressed the claims.

"It's tough because a lot of my friends in normal life, a lot of my friends in the entertainment business, and a lot of my friends in the wrestling business are gay," he told Williams.

"Just to say something spiteful and hurtful, I don't get it... if it was true and I was gay, I'd embrace it, and I'd tell you guys about it and I'd celebrate it."

As for that sex tape, we will keep you posted.

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