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May 25, 2011  | by: Jaclyn Hendricks

Rumored New Couple Leonardo DiCaprio and Blake Lively

Calling all Upper East Siders and Gossip Girl fans! The reigning Queen Bee of the trust funds, and no I’m not talking about a certain brunette whose name rhymes with “chair,” but vivacious vixen Serena van der Woodsen a.k.a. Blake Lively, has nabbed herself a new man. After breaking things off with Penn Badgley last fall, Lively has been rumored to be getting hot and heavy with Hollywood hunks from Ryan Gosling to her Green Lantern co-star Ryan Reynolds. However, it seems that Lively’s latest boy toy is not only the prince of the silver screen, but the “king of the world.”

After splitting with longtime gal pal Bar Refaeli, Oscar nominee Leonardo DiCaprio hit the streets (and seas) of Italy with a new blonde bombshell, 23-year-old Lively. The pair, along with the rest of tinseltown, has been soaking up the European sunshine while celebrating the films released at the annual Cannes Film Festival. Yet, I don’t think it was the selected flicks that was on both DiCaprio’s and Lively’s minds.

According to reports, DiCaprio and Lively were caught on camera getting cozy on a yacht. From hugging to playful flirting, it seems the pair may not only be hot for one another, but on track to becoming a new powerhouse couple in Hollywood, as this isn’t the first time they’ve been spotted out and about together.

Back in January, the NY Post reported that Lively had been flirting with the upcoming Great Gatsby star at a friend’s birthday party in LA, but he was still involved with his supermodel ex, Refaeli. Yet, it seems the attraction still holds…for now.

“They do this every two years,” says a source to US Weekly, dishing on DiCaprio’s and Refaeli’s roller coaster romance. “They could be back together next week.”

Whether DiCaprio’s French fling with Lively is just that or the real-thing, only time and more juicy globe-trotting spottings will tell.

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