Chelsea Lauren / 1 / 10
Chelsea Lauren / 1 / 10

Seriously, it's nothing serious. For quite some time the Hollywood rumor mill has linked Katie Holmes and Jamie Foxx, and it turns out that there may actually be some truth to it — there just isn't a white hot heat between them.

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"This is not some intense romance," a source told PEOPLE. "Jamie and Katie are friends and have been for a long time. They are two adults who are attractive and single, and so apparently conclusions will be drawn."

The source added, "But contrary to those conclusions, they're not about to run off and make some serious commitment."

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Jamie and Suri's mommy have been spending time together for well over a year, the magazine said, which is about when the rumors began about these two.

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Last year, Katie relocated from New York to Los Angeles and her home is near Jamie's. The duo spends "hours together" and see each other "often," a magazine's source said.

To put this all into Facebook terms, their relationship status could be listed as "It's complicated."