Wait a second -- Katie Holmes and Jake Gyllenhaal are dating!? Well... not so fast.

Earlier this week, the Italian magazine Grazia reported that this hot duo was recently spending some romantic time together over dinners in Jake's New York City apartment, after being set up by Katie's Dawson's Creek co-star Joshua Jackson. Although this couple would fall right up there with some of the best A-list match-ups, unfortunately both Katie and Jake have denied the rumors.

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"This story has not one ounce of truth," Katies rep tells E! News. The actress hasn't had much time for dating since splitting from husband Tom Cruise over the summer, anyway! Her immediate priority was their daughter Suri, who enrolled in a prestigious elementary school this fall. Once Suri was taken care of, Katie spent the rest of 2012 working on the Broadway play Dead Accounts, which will close on January 6.

Maybe a relationship is just what she needs to keep busy in 2013...?

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Meanwhile, Jake's rep also insists that the story is a "complete fabrication." While he has been keeping busy with some mostly mediocre films over the last few years, Jake hasn't had a high profile relationship (or any at all, to the public's knowledge) since dating Taylor Swift for a few months at the end of 2010 and beginning of 2011.

Time to jump back into that dating pool, we think!

Why do you think Katie and Jake would make a great (or not so great) couple?

Photos Courtesy of: Fame/Flynet