Miley Cyrus Topless in V Magazine, Photo; Singer Holds Nipple & Flashes Peaks of Her Butt [VIDEO]

Miley Cyrus is no longer little Hannah Montana, as she looks all grown up in a new racy photo shoot for V Magazine.

The 20-year-old singer is topless in one of the photos with only a Theyskens Theory jacket on. In another image her chest is almost hanging out of a black top that says "Miley," which is worn with a jacket and pants by Saint Laurent. Cyrus also flaunts peaks of her butt in skimpy shorts as she flashes her bare back to the camera while looking over her shoulder.

See photos here.

Inside the magazine, the star talked about everything from her upcoming album and her decision to chop off all of her hair, to how she deals with the breakup rumors centering on her relationship with fiancee Liam Hemsworth.

Cyrus discussed collaborating with music producer/rapper Pharrell Williams, and explained that he was one of the people responsible for creating her new edgy look.

"My accountant doesn't love Pharrell like I do. Because he introduced me to some vintage shit in Miami that's crazy," she said. "I've always been different in how I dress, but Pharrell and especially Helen-because when Pharrell would be editing we would just go on the computer and shop-they helped me understand how I could express myself through how I dress." 

Williams told the magazine that Cyrus is a great artist.

"It's been great to watch her style evolve, because she's always had that in her," he said. "The Comme des Garçons, the Chanels of the world-you can tell a lot of people about that shit, but they may not pick it up right. Whereas with her, it's like, This speaks to me." 

Cyrus also graced the cover of Elle UK's June 2013 issue. She admitted that sex does sell in the media and that are many ways to be sexy without showing off ones private parts.

"Sex does sell, but you have to find a way that's not just showing your ...," Cyrus said. "I don't want to be a glorified model. They just walk on stage and it's all about their clothes -- or lack of clothes."

On Wednesday, Cyrus tweeted: "#MileyELLEUK out now. @vmagazine up next."