Are they dating or not? That’s what everybody is asking in regards to the rumors that Drake and Jennifer Lopez are getting cozy with each other. The latest gossip is that J.Lo canceled her New Year’s Eve gig in Miami so she can spend some quality time with Drizzy.

According to New York Post's Page Six, Lopez wants to ring in the new year with rap star in Las Vegas. However, a rep for the singer-actress said that she’s going to be at home in Los Angeles for “personal and family time.”

But an insider told PEOPLE that a relationship is brewing between the pair - a musical relationship, that is. The source said that Drizzy and J.Lo are working on new music together.

“They’re making beautiful music together,” says the source. “They are spending a lot of time together and really enjoying each other, but right now it’s about the music.”

The insider added that it's too early to tell if love will blossom between them while they are working together in the studio. “They seem to really like and respect each other, but it’s early,” said the source. “Where it goes, we shall see. Friends of them both are hoping it becomes something, but it’s too early to say more than that."

Reps for Drake had no comment on the matter.