Sandra Bullock Spends New Year's Eve With Ryan Reynolds!

Newly single costars are spotted ringing in 2011 in Texas, where they had dinner and spent time at Sandra's pad

Are kissing costars Sandra Bullock and Ryan Reynolds romancing each other in reality?

It sure looked that way when the newly single duo dined at her restaurant Bess Bistro in Austin, Texas on New Year's Eve.

"They sat next to each other and were holding hands at one point," a source tells E!  "They were very cute together."

And freshly divorced Ryan even spent the weekend at Sandra's Texas pad!

No word on whether they had a midnight kiss, but the two did depart the dinner party together and headed back to Sandra's Austin abode.

A source says that Sandra has been helping Ryan through his split with Scarlett Johansson.

"They talk on the phone and she counsels him," a source tells E!. "She can relate to what he's going through since the whole thing with Jesse [James] and her divorce. She invited him to come down to Texas for New Year's."

As for whether they're a couple, the source says stay tuned, adding "They both just happen to be single at the same time and they have a lot of chemistry."

For the record, Sandra's rep told E!  "A group of old friends that included Ryan and Sandra spent New Year's together at her restaurant Bess Bistro. They all had a great time ringing in the New Year as they have in the past and are nothing more than friends."

Whether they're "just friends" or something more, we think they're perfect together. Cheers to this gorgeous duo (possibly) hooking up in real life!

—Reporting by Jonathan Jaxson