Model Izabel Goulart Thongs Out on Yacht ... w/ Soccer Star BF

Here's something for everyone ... a smokin' hot model in a bikini with her equally attractive soccer star boyfriend on a baller yacht in Spain.

The model is Izabel Goulart -- an international fashion model who famously worked with Victoria's Secret.

Her boyfriend is Kevin Trapp -- a German soccer star who plays for Paris Saint-Germain.

The two just took a trip to Cannes for the big film festival -- and apparently needed to blow off some steam with a yacht vacation off the coast of Ibiza.

Goulart even busted out some yoga for good measure.

Namaste.

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