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This is music to our ears!

An insider tells E! News Drakeand Taylor Swift are indeed collaborating on brand new music together, and given that they share 11 Grammy wins, 56 nominations and 7 chart-topping tracks between them, it's bound to be a smash hit. 

For those surprised by the seemingly unlikely duo, our source reveals "the music they have been working on is different," albeit "very catchy." The insider adds, "They've both been having a great time in the studio."

Speculation that the pop sensation and rapper were spending time together surfaced when Swift attended his 30th birthday bash just last week. A partygoer told E! News of the pair's co-mingling, "At one point Drake and Taylor were seen near the DJ together talking, his arm over her shoulder for a minute like a real friend moment. It looked like they were talking about something deep."

Drake, Taylor Swift

Andrew H. Walker/WireImage

It didn't take long for the internet to ship Drake and Tay as Hollywood's latest and greatest couple, but as our insider reveals, these two keep things professional. 

"They are not dating or hooking up," the source says, adding, "They are both purely friends."

T. Swift's collaboration with Drizzy isn't the first time she's worked one-on-one with a hip hop artist. Kendrick Lamar appeared on Swift's 2014 track "Bad Blood," and co-starred in the music video. As for Drake, he's kept things fairly exclusive to his own genre, but that doesn't mean he's not game for the challenge. 

What do you think about this talented musical duo? Sound off in the comments! 

Page Six was first to report the news.