As rumors swirl of a secret romance between Katie Holmes and Jamie Foxx, sources close to the stars tell PEOPLE what exactly is going on with their relationship. Subscribe now for the truth about Holmes and Foxx, only in PEOPLE!
In this week’s issue of PEOPLE, multiple sources confirm the pair have been spending time together for well over a year – but it’s nothing serious.
“This is not some intense romance,” a source with knowledge of the situation tells 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.”
Adds the source: “But contrary to those conclusions, they’re not about to run off and make some serious commitment.”
An insider tells PEOPLE Holmes, 36, has been spotted visiting Foxx, 47, “often” at his nearby home and that “they spend hours together” at a time.
While sources don’t expect Holmes to take things to the next level with Foxx, she’s open to another serious relationship one day.
In her November cover story, she told PEOPLE she “absolutely” still believes in love, adding: “I’m a very loving person. Of course I’m open to finding love again.”
For more on Katie Holmes and Jamie Foxx, pick up the new issue of PEOPLE, on newsstands Friday
• With reporting by PERNILLA CEDENHEIM