This paper delves into the dynamics of the pipe-in-pipe system, crucial in offshore oil and gas exploration, featuring an inner drill string nestled within an outer riser. A reduced-order model with five degrees of freedom is proposed to capture the coupled dynamics of this system. Here, the inner drill string is depicted as a torsional-lateral coupled rotor constrained by the outer riser. In contrast, the outer riser is modeled as a suspended stator subjected to vortex-induced excitations and contact forces. The model incorporates nonlinearities, including dry frictions, collisions, loss of contact, and nonlinear damping through the van der Pol wake oscillator. This comprehensive model allows an indepth exploration of the dynamics of the coupled pipein-pipe system. Parametric analysis is conducted based on the non-dimensional numerical model, revealing a novel and stable whirling phenomenon termed "follower whirling" at low rotary speeds of the drill string. During this stable follower whirling, the riser's vortex-induced vibration traces an "8"-shaped trajectory, while the