"We're friends," the 40-year-old beauty told E! News last night when asked about the ongoing rumors she's dating the 53-year-old X Factor bigwig. "I think he's on vacation right now."
Rumors of a romance between Electra and Cowell have been swirling since they were spotted hanging out and cozying up for pics while on a dinner date back in September.
"We've hung out a few times," Electra admitted of their friendship. "He's an awesome person. And I absolutely adore him."
Adding fuel to the dating rumors was Electra's split from ex-fiancé Rob Patterson back in October around the same time she began hanging out with Cowell. Electra and Patterson had been together for around five years before parting ways.
Luckily for all the guys out there, it sounds like Carmen is single and ready to mingle!