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Blake Lively and Leonardo DiCaprio cosy up in Cannes

The friendly pair met up on a designer yacht at the famous film festival, sparking a host of romance rumours...

Just weeks after splitting from model Bar Refaeli, lucky Leonardo DiCaprio has been spotted in the arms of another blonde beauty – none other than Gossip Girl Blake Lively(opens in new tab).(opens in new tab)

The pair met for a catch-up onboard a glittering yacht at famous film festival Cannes(opens in new tab), eschewing the high profile red carpet, and instead relaxing in the sun.

It’s thought Leo and Blake(opens in new tab) first hit it off after being introduced by director Baz Luhrman, during talks about new movie The Great Gatsby in November last year.

The smiling pair enjoyed what looked (to us!) like a friendly hug as they reunited on board the swanky sea vessel. 

But already romance rumours are doing the rounds.

Onlookers reportedly clocked the pair together at the luxury Hotel du Cap Eden Roc over the weekend, with some suggesting the picture-perfect duo looked suspiciously like they were keeping a new romance under wraps.

Blake Lively and Leonardo DiCaprio cosy up in Cannes

'She was wearing white and he was in a baseball cap, one insider revealed. ‘They walked around the grounds together. It looked like they were a couple.'

Another added: ‘The rumours around Blake and Leo won't go away.'

Meanwhile, Leo's model-ex Bar walked the red carpet solo, stepping out in a dazzling midnight blue gown at the premiere of Mel Gibson movie, The Beaver.

Could we have a hot new couple on our hands? Watch this space.

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