A short video posted on the celeb gossip site Thursday allegedly captured the wet and nude romp, reportedly made last week.
The vid is so shaky and out of focus, it's hard to tell if it is indeed the 35-year-old pop star in his birthday suit.
Iglesias had promised to perform the stunt, even though Miami-Dade police allegedly warned him that he could be arrested for exposure.
Iglesias' handlers didn't confirm the late night ski, saying, "We do not manage Enrique’s personal time schedule but we do know he was in Miami the last week of July.”
Iglesias had told People Magazine that he would perform the stunt after he got a Brazilian wax.
“I used to do it in high school, so what’s the big deal?” Iglesias asked the mag.