Not so fast, Selenators.
A source says, "They're really good friends and have a lot of fun together."
The two were spotted spending some time with a group of friends at Disneyland Wednesday. Gomez sported a pair of Minnie Mouse ears for the festive occasion, and looked comfortable in a striped tank top and leggings. Mahone looked equally as laid-back in a T-shirt and black beanie.
"Selena was in the center of the group," an eyewitness exclusively told us. "You could tell she didn't really want to be seen. They had just gotten off of Space Mountain and were heading towards the FInding Nemo Submarine Voyage...They group was having fun, laughing and dancing a bit."
And though at one point Gomez pointed toward the Matterhorn while singling out Mahone for a smile, they seemed as if they were just friends, the witness recalled, adding that Gomez "looked just like she does in pictures, but even better."
Gomez has been enjoying quality time with family and friends following her split with Justin Bieber in May.
The host asked the 20-year-old singer-actress candidly, "So, sometimes you may see a boy walking down the street, and he says, ‘Let's grab an ice cream'—you're available?"
"Yep," Gomez replied.
"You're completely available in every way?" the host reiterated, and again, the Spring Breakers star answered, "Yep!"
"By the way," she added with a smile, "That would be awesome if someone asked if I wanted ice cream, because that would be cool."
But early May appears to be the last time the youngsters were seen together.
Bieber has since gone back on the road for his Believe tour while Gomez has focused her attention on her new baby sister, Gracie Elliot.
Just last week, the brunette beauty cradled her first sibling in a Los Angeles park alongside her mother, Mandy Cornett, and stepfather Brian Teefey.
—Additional reporting by Lindsey Caldwell