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Are Katie Holmes and Jamie Foxx friends with benefits?

OK, that’s an inartful way of asking/wondering if the two stars are dating? In fact, that’s the headline (Are Katie Holmes and Jamie Foxx Dating?) and question from PEOPLE Magazine.

It’s not exactly a new question, either. There have been rumors that the two have been an item on the down low for quite some time.

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.”

Keep up with Katie Holmes in the pages of PEOPLE Magazine by subscribing now.

Adding to the talk, the actress, whose new drama – “Mania Days” – had its premiere at SXSW over the weekend, moved back to LA from NYC last August and bought a house back for her and 8-year-old daughter Suri, whose father is Tom Cruise.

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.

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