Sources close to K&K tell TMZ ... the couple has been flooded with lucrative deals from magazines clamoring to score baby Kimye's coveted first photos, with offers ranging as high as several million. We're told the $3 million offer was from an overseas tabloid.
So far, no cigar. Our sources say the couple has no plans to sell the pics to ANYONE ... right now.
We're told they're aware public demand will onlyincrease over time -- and still might consider offers in the future.
It's a pretty surprising move nonetheless, considering it's become S.O.P. in Hollywood to cash in post-baby-birth ...
-- Brad & Angelina: $4.1 million for Shiloh in 2006.$14 million for their twins in 2008.
-- J.Lo & Marc Anthony: $6 million for their twins.
-- Matthew McConaughey: $3 million for his son.
-- Christina Aguilera: $1.5 million for her baby.
-- Jessica Alba : $1.5 million ... the list goes on.
As TMZ first reported ... Kim and Kanye also nixed the idea of their baby guest starring on " Keeping Up With the Kardashians " -- except while he/she is in Kim's belly.