Katie Holmes Reportedly Dating Jamie Foxx

Tom Cruise's former co-star Jamie Foxx and his ex-wife Katie Holmes were seen dancing and holding hands at party

Tom Cruise's former co-star Jamie Foxx, 45, and ex-wife Katie Holmes, 34,were seen dancing together and getting close at a benefit party in East Hampton, N.Y., Saturday.

According to onlookers, Holmes repeatedly grabbed Foxx's arm and looked the happiest she has in a long time.

According to The New York Post, she was overheard telling friends: "I haven’t had such a good time in so long."

The Post insists they are nothing but "old friends", however according to other reports, the pair have become much closer in recent weeks.

Some Hollywood insiders have even claimed that the two have been seeing each other for "a few months."

Holmes, 34, split with Tom Cruise after five years of marriage in June 2012.