While the 23-year-old singer and her actress pal aren't officially planning on releasing any duets, Steinfeld, who is learning to play the guitar, says she'd totally be down to do a song with Swift!
"I would love that," Steinfeld told us at last night's Women in Film's Crystal + Lucy Awards in Beverly Hills. "I don't know if I could hold myself up next to her. She's so incredibly talented. She sort of attempted to teach me and it just doesn't work very well."
Taylor Swift as her own personal guitar teacher? "Right?!" the 16-year-old laughed, adding, "Not bad."
In addition to having the "22" songstress as a friend, Steinfeld recently had to strengthen her musical chops before filming her upcoming movie Can a Song Save Your Life?
"No, you don't get to hear me sing," she said of the flick. "I do play a little bit of guitar in the movie, so that was exciting."
We can't wait to hear how Swift's Grammy-winning talents rubbed off on her BFF!