Rumors have long swirled that Jamie Foxx is romancing Katie Holmes. Multiple sources now confirm to the People that the two have been seeing each other for more than a year.

"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 adult who are attractive and single, and so apparently conclusions will be drawn."

Despite having fun hanging out for more than a year, the two are not ready for anything serious.

"They're not about to run off and make some serious commitment," the source added.

People reports that Holmes, 36, has been spotted numerous times near Foxx's home and the two "spend hours together."

Since Holmes' divorce from Tom Cruise, the actress has said she still believes in love.

"I'm a very loving person," Holmes told People in November. "Of course I'm open to finding love again."

Representatives for Holmes and Foxx were not made immediately available to FOX411 for comment.

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