Old Navy Is Selling a 'Lovely' Wrap Sweater That Looks Almost Exactly Like a Reformation Style That's Over 4x the Price

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Sweater weather is slowly creeping in and we're brimming with excitement! We cannot wait to break out our favorite knits from storage that get us in the coziest mood, but we could use a few fresh styles in our fall wardrobes .

We're on the hunt for new sweaters that we know we'll wear on repeat and offer something different than your basic knit, like this tie-waist style from Old Navy that the brand recently dropped. Shoppers are racing to get it in time for the fall, and colors are already starting to sell out fast.

SoSoft Tie-Waist Sweater, $45 at Old Navy

If you want to feel snuggly and look chic doing it, this is the sweater for you. It has the vibe of an elevated basic in that it's simple, but has a bit of a twist that helps it to stand out. In this case, it's the wrap style and side-tie detail that distinguish this sweater from others you may already own.

The style creates a striking low V-neckline that shows off the bust beautifully. You can adjust the tie to fit more closely or wear it looser if that suits you better. Shoppers are raving about this sweater's "stylish" look and say that it can be worn in tons of different ways. It pairs well with everything from jeans to slip skirts, and you can wear it from day to night.

But what reviewers are highlighting the most about this knit is the material that it's made from, which reportedly feels super "luxe" and high-end. They call it a "lovely soft sweater," and write that it's "extremely soft." Shoppers are shocked by how "top-notch" this piece is and have to get it in every single color available, which is why a huge chunk of the stock is already sold out.

Related: Old Navy Is Selling a 'Lovely' $24 Vest Top That Looks So Similar to a Designer Style That's 25x the Price

The quality of this sweater is on par with higher-end styles, according to shoppers. We spotted a seriously similar wrap sweater at Reformation that embodies the same aesthetic as this Old Navy version, but the price is significantly steeper.

Relaxed Cashmere Wrap, $198 at Reformation

What makes the Reformation sweater expensive is that it's made from cashmere, and while it's great to invest in upscale pieces like this one, shoppers say that this Old Navy sweater is just as "cozy and comfortable" as any other style on the market. We're not the least bit surprised at how fast this sweater is selling, and we're not going to miss out on adding it to our fall fashion lineup — excuse us while we go place our order ASAP.