The 24-year-old, from Dungannon, Northern Ireland, was spotted frolicking in the surf as she enjoyed yet another beach break on the Spanish island of Mallorca.
Slipping into a racy white one-piece, McCollum, one half of the infamous Peru Two, flashed a hint of side boob as she unveiled a new tattoo on her rib cage - a piece of Arabic script that is believed to read 'freedom of God'.
The inking is likely to have special personal significance to McCollum, who was jailed in Peru in 2013 along with Melissa Reid for trying to smuggle £1.5 million of cocaine.
McCollum also caught the attention of two young men who were seen admiring her as she strolled along the shore.
But life isn't all holidays for the former jailbird, who was pictured at the Job Centre in April.
One fellow job seeker said at the time: 'Michaella didn't look happy to be joining the dole queue.
'I was surprised to see her there after all the photos of her enjoying herself on holidays abroad.'
Over the last few months, Michaella has been spotted living it up in party centres Ibiza and Marbella enjoying sun, sea and cocktails.
How the former drugs smuggler has funded her holidays is unclear, but she has been linked to a number of potentially lucrative opportunities.
And rumours suggest she hopes to use her notoriety to kickstart a reality TV career, but claims she was being considered for Celebrity Big Brother were denied by the show's makers.
Four years ago she and friend Melissa Reid were caught trying to smuggle £1.5million worth of cocaine to Europe and McCollum has certainly been making the most of her newfound freedom.
It is a stark contrast to Reid, who has landed a charity job at Citizens Advice.
Reid applied for a job at the charity after she was released from the South American jail last June.
McCollum, by contrast, has been accused of capitalising on her notoriety, and in May it emerged she has signed with a talent agency.
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